Estimated outgoings for the March quarter $1.125 million... A ways off cash flow positive.
12,900 rental days is still solid growth, disappointing to see only around a 10% increase in revenue for the whole business despite the peak holiday period and increase in Uber etc
Also disappointing that:
-The PR campaign was paused and talks of starting again in March quarter, why not right now?
- MyCaravan continues in caretaker mode
-Mobilise had no update of any significance nor FundX
The board encourages us to exercise options but no carrot dangled, what's coming up, what's the path to profitability, the time line for Mobilise is it this financial year...
Will re read it a few times but we need a bit more then that to get options over the line so I hope Chris still has that rabbit in the hat planned!
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- Ann: Appendix 4C - December 2016 Quarterly Report
Ann: Appendix 4C - December 2016 Quarterly Report, page-5
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