So in spite of reducing opex, the addition of new staff has offset and partially overcome this. Projected burn of US $1.6-2.1m is relatively on par with last quarter's underlying cash burn. Says to me that this quarter will certainly be the same or greater cash receipts than last.
I'm probably starting to sound like a broken record but the upside is certainly worth more than the downside here. As another poster put it- flip a coin - heads you lose a dollar, tails you win ten. Looking forward to next 4c.
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