Ann: Appendix 4C - quarterly, page-8

I agree with you Tommy. I have been using the ACV to forecast the next qtr cash flow. Based on the 31 Jan 19 ACV of $0.93m, my estimate of the Mar 19 Qtr cash flow was $0.23m ($0.93m/4) . The actual result was $0.43m was much higher than expected and we now know that this was due to prepayments. My estimate for the Jun 19 Qtr cf was $0.33m based on the 30 Apr 19 ACV of $1.32m. The actual result of $0.21m was lower due to the prepayments received in Mar 19. Based on the new 31 Jul 19 ACV of $1.85m my estimate of cf for the Sep 19 qtr is $0.46m. 3DP is starting to close in on revenue for cf breakeven of around $0.7m per qtr which could be within the next 6 months based on current quarterly growth in ACV and with the current cost disciplines of 3DP management being maintained. AIMO