Ann: Appendix 4C - quarterly, page-48

I think many were expecting what was reported, nothing more. Interesting that next quarter's expected operating expenditure is $4mill, almost double last quarter's. This usually represents a ramp up. No doubt, if the revenues of some of these large deals come to fruition it will grow quickly but unlikely to be seen for another couple of quarters. Can the current marketcap be sustained in light of this and the recent events? Unlikely.