Ann: ACHIEVE Finance Update - Export Finance Australia, page-3

This is a positive piece of the puzzle. To be able to access loan facility from the Australian government against the europewave grant money de risks the project. Basically they have the ability to order components without having to wait for meeting criteria for sign off from europewave. In Short the funding of ACHIEVE is sorted.
it doesn't satisfy the revenue issue they have to keep the company afloat moving forward. They'll need one of the following to happen:
1. Cash raise
2. Moorpower deal with Huon or Tassal (that requires the commercial prototype in a barge soon)
3.an early investment partnership for achieve
4. further government (Australian) support.

my timeline for these guys
1. Moorpower announcement jan/feb
2.moorpower in commercial prototype April/May. They'll want to get it in the water
before winter so large swells give it the best energy production
3. CETO in water by European summer
4. once CETO in I'm throwing in some speculation. If it all goes well very soon after that a small array will be added to garden island and a DOD agreement negotiated by spring Australia.

given end of last quarter they were spending approx 90000 and they had 2.8 quarters left we should be somewhere near 1.8 quarters left. To totally derail they need help soon.