Ann: Paradigm Receives $7.36m R&D Tax Incentive Refund, page-19

Yeah, apologies, I think we are at crossed wires in saying the same thing, i.e. the January expenditure indicated by today's report not quite as surprising some seem to think above.

The $6M indicated January spend from the reported balance in fact in keeping or even perhaps less (given higher initial outlay expenses reported) than the $8 - $11M (including R&D refund) qtrly spend guidance (i.e. $15.5 - 18.5M spend guidance excluding refund).

Perhaps explaining the (relief?) rally today - PAR having blown out on previous guidance.