Ann: Progress Update Presentation, page-5

I'm not so sure, they appear to be making a desperate attempt to not have to go to the market again, or not anytime soon under these market conditions at least. Buying time to allow time for increases in revenue to turn it cash positive. Funny how more director skin in the game has sharpened the focus on costs and financials that has been missing for so long in their announcements.

$3.9m in bank at end December and cutting cash outflows to an estimated $2m per annum from this month on.
"The new cost base of the business will mean an incremental $2.0M in revenue will see the business to
cash flow break-even."

Then in bold! "THE COMPANY NOW HAS A CLEAR PATH TO PROFITABILITY"

Not sure where/how the statement below sits in these figures though?
"*Normalised cash burn excludes publisher collections and payments not related to Adslot fees and aligns R&D grant receipts to the year in the claim was made (not collected)."


Then again you may be right AJ, the cynicism in us all probably thinks they are buttering us up for another rogering!