OK, i'll start.
I just plugged in some missing figures into my cashflow model.
We currently have $6,067,000 of receivables on the balance sheet as of Dec 31st.
We had $6,100,000 in revenue in Q4 2016. If this improves by 12.5% Q.O.Q to $6,863,000 of which we only collect 66% (2 out of 3 months), we collect 100% of the Dec 31st receivables, and cash outflows are as per company estimates on the last 4C, we have cash outflows of only $613K in the current Q.
The carry in receivables drastically reduces my min cash balance estimation, and gives us a CF+ quarter timed with the R&D rebate in Q3 or Q4 this year.
Things are looking better than ever before. Very pleased with progress.
Ann: Half Yearly Report and Accounts, page-76
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