Ann: Investor briefing - Full year results to 30 June 2018, page-43

Unless I’ve completely misheard what Tuesday’s announcement was all about, because when the CEO firmly states that FY19 will be a breakeven year, I’m expecting all revenues will pretty much offset against all expenses in FY19, which means if Nearmap’s cash balance is $17 million now, I would expect pretty much the same $17 million will still be in the bank when FY19 ends.

And if that is the case, why would anyone expect a CR?

Gillys, if you have another definition of what breakeven means then please enlighten us?