pretty nice quarter.. profitable and seems to be cashed up after...

pretty nice quarter.. profitable and seems to be cashed up after the raise.

120million shares on issue is fairly much the middle of the ballpark for spec stocks and leaves plenty of room for further capital management/raising if required for expansions/acquisitions.

They prepaid 3 years of reserved instances (amazon) which has made the profit look lower than what it should of been (should of been 878k but was reduced to 328k because of this) and perhaps impacted by 1 time costs even further (like office expansions etc, however I feel these may be ongoing to some extent as BPF grows).

All in all 4-5million profit likely FY16 and sitting at an MC of 36million (undiluted) post raising with 3.5million cash. Not bad.