Without the Rebate, costs would have been >$3m again and CF Neg $1m for the qtr. This is back to FY22 results.
Even with the not yet apparent $2.86m in cost savings ($755kpq) mentioned below, costs will still be around $2m a quarter. So marginally CF+ or not , depending on performance.
$750k wont go far if those cost savings don't show up.Then what?
The only thing that could be construed as positive is the $80k in total (not each, AFAIK) from Directors in the CR but when I looked at the Annual Report I saw they paid themselves $1.2m in Cash ($703k) and Shares (nominally $540k) in 2022 and hiked the CEO salary so IMO they should contribute.
I bailed after the last quarterly. I don't have any regrets. Well, possibly the original Buy order but that's on me.
Not advice and good luck. Everyone makes their own decisions and we all are true believers in something but be careful.
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