From ceo letter. “This means reducing our quarterly cost base on the Buddy Platform and Buddy Group entities to A$1.2M per quarter”
From the 4c “REDUCTION IN BUDDY PLATFORM EXPENSES:The Company has undertaken a series of cost-cutting measures which will result in the (pre-LIFX) business targeting a cash outflow of A$1.2M per quarter from end of April 2019. This is down from A$3.2M in Q3FY19.”Cash outflow is totally different to cash burn.
We have all been totally misled. Again.
Ann: Market Update - Cash Burn and R&D Tax Incentive, page-54
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