Ann: Emerge to Launch Game Streaming with MTN, page-102

Here is where I explained the $22M
https://hotcopper.com.au/posts/61143810

Here is where I assume the same burn:
https://hotcopper.com.au/posts/62226723
Thats $843k

So all things being equal, if the burn is about the same they would have $21M adjusted for receipt of the MIGGSTER sale i.e. $22M less the quarters burn.

Referring back to the original post thats:
15.7M cash 31 March + 1.6M receipts (received? June qtr) + 1.75M received (MIGGSTER) = 19M + 3.25M to be received (MIGGSTER) = $22.3M LESS burn for the June quarter say $843k = $21.5M

all we are doing is reclassifying the $5M deferred consideration into cash as it is received and then taking off the burn.

Cool beans.

and in any event, the reported 15.7M in March should be at least $16.5M in June (an increase) if we assume burn is the same (and they dont collect any O/S receipts). A fair bet IMO and most likely burn will be less you'd think.

shoulda been a teacher!