I went to the AGM today and was deeply encouraged with what i heard.
1.Cash burn gone from $1.8 million in march quarter to $1.2 mill in the june quarter and it looks like the burn for this quarter will be $700,000.
2.The business is growing very strongly and now getting at least 15% of new online broking accounts being opened .
3.Money in share bank accounts now over $60 million.
4.25% of new business coming from referrals so marketing spend is reducing considerably.
5.Etf starting in new year .
Based on the above i think this company will be cash flow positive in the June 2019 quarter .
Ann: 2018 AGM Presentation, page-2
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