Unfortunately cash flow wise this company is not going anywhere...

Unfortunately cash flow wise this company is not going anywhere
Dec 2017 quarter they spent $914K and receipts of $187K
One year of pilot later they spent $944K and receipts of $180K
Pilot has had no impact whatsoever, and re-inforces my belief that its still in its infancy with CBA not exposing any of its clients to it, just a dry trial. We have little to nothing to gauge how committed CBA is to this pilot

What has changed is that now we have 300mil more shares on the register at 1c plus free options as a large headwind to SP increase. The SP touched an all time low of .7c and despite the small spike in buying today cant get above .8c so far

Cash remaining sits at $2.3 mil with nothing on the horizon to indicate an increase in cash flow, although they are now marketting to entities that are no longer in the pilot, thats a big yawn

This means they have enough cash for current quarter and June quarter, and considering the pilot has been "extended" to end of May 2019, this reinforces my belief we will see the next round of capital raising in May or June 2019.

From the mission statement 10 days ago:
"Always consider IAM stakeholder satisfaction and requirements in terms of governance, growth and profit."

imo there has been no growth, no profit and governance has been lacking

	Column 1	Column 2	Column 3	Column 4	Column 5
0	Year	Quarter	Receipts	Spend	Cash Remaining
1	2017	June	$192K	$715K	$2,052K
2	2017	Sept	$130K	$704K	$1,652K
3	2017	Dec	$187K	$914K	$1,705K ($780K from options)
4	2018	March	$127K	$817K	$2,022K ($1,114K from options)
5	2018	June	$184K	$1,089K	$1,118K
6	2018	Sept	$204K	$1,018K	$1,367K ($1,102K from share issue)
7	2018	Dec	$180K	$944	$2,331 ($1,726K from share issue)