The last announcement said they had $4.75 million cash - as at...

The last announcement said they had $4.75 million cash - as at 30 september.

They spent $950 marketing to get the first 2 million users (as at the last quarterly).

Their presentation in late november claims 4 million downloads, so if we assume an average cpi of 45c for the most recent 2 million, that's $900k additional spent since the last quarterly.

So my figures for late November are:

• Advertising spend to date: $ 1.85 million (in last 8 months towards ZipT)
• Installs: 4 million (probably closer to 4.5 million now)
• Cash remaining: $3.85 million