Ann: MSL Business update, page-2

A promising update.

Look forward to the next quarterly to see if they can continue with the same momentum as previous.

If the restructure costs were indeed one off, even with no other material changes on the income or expenditure side, they could post a $250k cash positive quarter. Not shoot the lights out, but second consecutive one of no burn. Annualised $1m fcf and heading north.


Personally I will be happy even with zero/marginal revenue growth in the medium term as the new CEO and team seem to be doing an effective job thus far as turning into a sustainable and profitable operation, rather than a 'grow at all costs' like the previous ones were.