Ann: Appendix 4C - March 2017 Quarter, page-94

I think we need a quick reminder of what the 4C actually is.
It is a quarterly report (in this case from Jan-Mar 17) showing the cash flowing in and out of the company.
It does not show what is owed or what is owing (creditors or debtors).
OBJ receives cash 45 days after the end of the relevant quarter, so for this 4C it is showing royalties based on sales that happened Oct-Dec 16.

In March @brydos attempted to put together a financial forecast for OBJ. It has a number of assumptions and guesses, but that is what a forecast is meant to be.  You can find the thread here:
https://hotcopper.com.au/threads/skii-magnetic-wand-analysis.3272465/#post-23073488

How close was the forecast?  Well, not too bad, all things considered. @brydos estimated $68k revenue.  Given the assumptions and lack of information, I think this is a good forecast.  No, not a great one at all, but the forecast wasn't for $200k either.

Of particular note is how the sales for Oct-Dec were still ramping up.  This is what we should be noting. While the current 4C could be seen as disappointing, it needs to be put into context.