Ann: Appendix 4C - quarterly, page-3

Yep, a CR well within the next 12 months. They're expecting to spend over $2m in the current quarter I'm still bewildered that it listed at 20c and they closed it early due to demand.

I'm still sticking with my earlier forecast of 8c by end of the year. I'm even tempted to lower that forecast given the increased cash outflows for the current quarter which brings the next CR forward.

Given that the company now keeps interest on customer's cash holdings, it'll be interesting to know how much of that $282k in receipts for the quarter was derived from interest payments. They don't break that component down. Given that tradeable assets and cash is almost $400m, assuming that the average portfolio is 5% cash, that's $20m cash earning interest. Even at 1% interest, that's $200k/yr.

Also, the CEO and his wife on a combined salary of $500k is ludicrous. The CEO of a company of this size is hardly deserving of that kind of money.