The company presentation (14/3/16) says "Group break-even during...

The company presentation (14/3/16) says "Group break-even during Q4 2017".

With the latest cash balance at $13.02m, and a cash burn rate of $3.02m in the last quarter, then I suggest that the company will run out of cash before reaching break-even.

Apart from loss making activities, which are accelerating, the lack of timely disclosure by management, and the desperate spin on a worsening situation is a matter for concern.