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    hi Noggie, if you have a look through last year’s financial statements for CRO, the $6.2m figure you quote includes a large non-cash write off or impairment of assets of $2.5m which is a one-off item. Also, Cirralto will pick up a lot of R&D rebates after the merger is complete and a lot of expenses will reduce as they paid a lot of consulting/development fees to Appstablishment that will no longer occur after the merger is finalised too.
 
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