Ann: Balance Sheet and Budget Update for FY17-NOR.AX, page-20

Of course corona sales would be minor or even non existent . It has not even been released yet and was only in beta trial for 3 weeks before then of june so should have been self evident.

This is more good news. Spending has been cut from 3 million to 1.2 million a quarter and they have been very conservative allocating no revenue from corona or otts.

They have 6 months to secure revenue in theory but think in practise they better have some bloody big news by end of august in regards to both otts and corona.

I am not stepping of this at rock bottom. The threat of otts to all the worlds telecos is very big, very current and they have to act.

It prob does mean that nothing earth shatering is coming out the next few weeks but. I dont think the quarterly should be feared as much as it was yesterday.

Chill out, buttom draw it this quarter and let them do their thing. PO has spent 10 years refinning the corona concept and finding the best team to sell it, its going to float.