Ann: Q1 2019 Revenue Eclipsed in the First 39 Days of Q1 2020, page-123

Sal I do love it and tried to match your expenses method apologies if I haven't but you might get the gist. I would have thought the focus of the thread should be on what the potential looks like for the next 6-18 mths at least as that should drive SP, not history.
Here's a $36m case and a $28m case. I too am interested in any relationship between expenses and scrip and noted above salaries for new hires could be higher and there could be an increase in heads over time too. BTW my estimates for 1st 3 mths rev are 1.55, 1.5, 2.1m