Ann: Appendix 4C - First Quarter Cash Report and , page-4

re: Ann: Appendix 4C - First Quarter Cash Rep... Well take away R&D credit, its actually $850K, however, it is a significant reduction in cashburn on the same time last year, so credit where it's due on that front. With the recent placement they have breathing space, at least a year or more, but at what cost for current shareholders. I'm not confident that the share price will hold 5c.