$50M Revenue Projection, page-2

Since Roadshows were on the cusp of quarters, I'll give MO benefit of the doubt.

To hit his revenue projection by end of FY19 would require 50% exponential growth quarters:

FY17 Q4 - 3m (known)
FY18 Q1 - 2.27m (known)
FY18 Q2 - 1.32m (known)
FY18 Q3 - 4.22m (known)
FY18 Q4 - 4m (known)
FY19 Q1 - 6m (estimated)
FY19 Q2 - 8.9m (estimated)
FY19 Q3 - 13.4m (estimated)
FY19 Q4 - 20m (estimated)

If we assume Elizabeth is finished *early*, payment would be FY19 Q1. This may explain why we are paying to offload EMC (as technically the $3m payment should be in FY19 Q2).

Since these were revenue projections (i.e. not profit), that would mean $10m (i.e. Elizabeth $3m + Newcastle $7m) this quarter, bringing the other 3 quarterly projections down (i.e. to still meet the $50m).