I've come up with this as a guide only, Q32019 and Q42019 are now actuals, the rest are estimates only Based on 50% increase in cash receipts per quarter (needs to be IMO) and increase in costs no more than $1m p.a (run rate)
So I've got them in profit from Q3,2021 or 7 quarters from now. Yes they may exceed my expectations but its like a minimum to make it
That all said they receive $14m in receipts over next 7 quarters and need $25m to operate (roughly to breakeven) $5m will come in from conversion of options and R and D refund I think was about $1.4m?
So the CR issue is one that will present itself but my figures tell me it may only be $5m - $8m shortfall required at some point perhaps later in Q3-Q4 2020
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