Ann: Alexium presents at the ASX Spotlight Conference, page-56

Some readers appear to be unduly concerned about presentation slide 2 referring only to the June-July period as cash flow positive. So not being one to rely solely on my recollections I have listened again to management’s webcast of late September.

Around the 16-17 minute mark CFO Aaron Kretch comments on the shift to positive margins in 4Q17, where monthly revenues averaged over $2M and the gross margin rose from 6.5% in April to 18% in May and then to almost 31% in June, with the latter month being cash flow positive. He then adds “after the reporting deadline and even up to now those revenue numbers and those margin numbers have continued in the same manner as the year ended.”

So unless a large order appeared in the last week of September requiring unexpected raw materials costs it appears that concerns are unfounded and we can expect the coming 4C to report a zero or net cash inflow for the first time.