Don't think it's a good question for this scenario, they cannot foretell the future and can easily dodge it, and rightfully so... "We expect to be cashflow positive at some stage in 2018". Waste of 3 minutes answering it + any follow up questions and we are still none-the-wiser.
Likewise asking about the 3-5% royalty rate.. they cannot know the royalty rate as it is likely working off a sliding scale contingent on the amount of sales they make (the standard practice is higher volumes = lower royalty %).. so if sales are high it could be under 3% and this is the type of question that they can answer truthfully but not exactly because there are so many variables involved and it can't be known ahead of time.. So again this would be another 3-5 minutes wasted explaining this and we've now lost 5-10 mins of a short window to get some big answers that we want.
The questions have to be very specific with a defined answer on topics which generate a direct answer and doesn't involve fortune-telling / being the result of variables that nobody can know ahead of time.
These two questions are useful and would be lovely to know, but the reality is they cannot answer them exactly at this point in time and even if they answered yes it's 3-5% and yes expecting cashflow positive first half of 2018, we don't really learn any new info from that and I feel the question time could be better spent on other topics which our information is very limited
OBJ Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
(20min delay)