Not a terrible report but at the same time it would be better if...

Not a terrible report but at the same time it would be better if uptake was eventuating faster. Research and dev costs were higher than the last few reports so it gives a skewed run rate in terms of no. of quarters left. Nevertheless they'll burn the rest pretty quick especially with marketing and executive wages.

The good news is that AO1 consistently spend more on research and dev than admin and corporate costs. Not the best indicator of course as costs can be easily disguised. Bad companies on the other hand have it the other way round; spending more on corporate vs development.

The recent CR was always expected. This was not simply holders been taken for a ride as suggested by a few who don't understand the necessary business phases to bring a product to market. And the big CR was a good sign not a bad one. It's a bad sign if companies continuously raise small amounts every few months.