● During the March 2021 quarter, Total Brain collected A$0.7...

● During the March 2021 quarter, Total Brain collected A$0.7 million in cash receipts, representing a 14% decline relative to the prior quarter and a 7% decline year-over-year, after for one-off payments received in March 2020.

● Total cash outflows via payments from operating and investing activities (items 1.2 and 2.1 in Appendix 4C) increased by 11% quarter-on-quarter (A$416k increase), driven by an increase in operating costs (A$334k), administrative & corporate expenses (A$95k), and increase in staff costs and wages capitalized as intellectual property (A$149k). Outside of customary fluctuations in the timing of payments and expenses part of the normal course of business, Total Brain expects this level of business expenses to continue in the following quarter.

Declining revenues and increasing costs across the board. I feel so sorry for anyone caught in the hype. Posters who were talking it up have long gone. They'll need another raise shortly.