Yes, this is correct. Overreaction on the net cash outflow imo....

Yes, this is correct. Overreaction on the net cash outflow imo. Read the narrative. One example, just the Coles deal would have required a substantial cash outflow for the period. Keytone have spent the money on raw materials, produced the products in advance of stocking for (calendar) Q2. They have not received one dollar from Coles at this point! With a contract value of $5.2m pa, let’s assume a quarter here ready for initial stocking. That means $1.3m of the cash outflow is purely due to timing on the Coles deal.