Ann: Appendix 4C and Quarterly Report, page-3

People freaked out by the less-than-two-quarters cash at the current burn rate - and this situation has occurred in a quarter when the last capital raise proceeds were just received.

I can accept that the cashburn situation was exacerbated by the large receivable and seasonal admin costs, so the situation probably isn't as bad as "less than two quarters cash". Market might digest this through the day.

What we shouldn't have to accept is the insane salary paid to Bowhill (given the size of the company and ongoing cashburn) and the relentless cash and option remuneration paid to directors who haven't made any discernible progress with the company. The covid excuse is ridiculous.