Ann: Appendix 4C - March Quarter Report-BUD.AX, page-32

I wish all reports were as detailed and honest, it's so refreshing. No significant cashflow yet for you FTM? --derr, it's a startup. But you know that, right? What it does have is 4-6Qtrs of runway, allowing for extra staffing and marketing, by which time revenue should be coming in. The dilution is concerning, I agree, but it is at least predictable and you'll have to make a decision based on that. If IoT takes off as predicted, the revenue stream should soak it up.