Ann: NTL Rights Offer Successfully Concluded, page-8

5B Cash Quarterly
30 Sept 2021 Cash spent on operations ytd 6mths $688k
31 March 2022 Cash Spent on operations YTD 12 mths $1,215
Amount spent in 6 months from Oct to March $527k

31 Dec 22 Cash spent 9 months ytd $993
Annualised to end of march (9/3 x4 ) $1,324k

Total for 18 months $1,851

Development costs using same approach as above total $91k

$1851- 91K = $1,760K

Therefore estimate circa $1.760m on administration and corporate costs (i.e. non development costs) in period to 31 march 23.

In cash let alone Payables on balance sheet.