Ann: Appendix 4C & Quarterly Activities Report - Sep-23 Qtr, page-10

Recurring revenue is lacking the experiential growth needed to break out cash even.
We need several quarters of sales growth like the previous quarter for the recurring revenue to break out.
Could be the initial kick from recommendation affected this quarter and sales going fwd increase in trend.
My real concern is cash outflow. Staff and admin up substantially.
Admin would be from the board fight so expect that to come down again next quarter.
Staff is a concern because I'm not seeing bang for buck from the increase compared to sales.
And I still feel a lack of urgency in ramping up sales.
I'm hoping the new board lights a fire under Rick or moves him on with a more dynamic CEO.
Should have sold in the twenties, we'll get back there but not this quarter
I'm still a buy at this price, MC in the 200s is pretty attractive.