Ann: Investor Presentation, page-4

they were paying for Vivienne selzer and Simon Li until September (that is 20K/month immediately) plus the audit fees are materially going to decrease next FY with change of auditors.

They actually functionally have 4m in the bank as they have 1m ties up in working capital which they are working on improving. I think they effectively have 2 years runway with this in mind.

Fantastic quarterly. Reasonable chance of exiting the FY with 10m ARR with the PICA implementation in the bag and some additional facilities clients. If that is achievable a market cap in excess of 60m (6x TTM ARR or ~9c) and in the off chance they hit cash-flow positive in that scenario a 100m market cap (~15c/ share) is not out of the realms of possibility. At 3c this was the best risk/reward I had seen on the ASX in years (and it’s actually still not bad despite the nearly 100% appreciation since then).