That's 100% false and I suggest you have another look at the...

That's 100% false and I suggest you have another look at the last quarterly.

Last quarter the cash burn was $1.166m but that was only because of investment in inventory.

For the current quarter the forecast total cash outflows are $1.136m so with previously announced purchase orders likely to be more than this it's very likely that there will be negligible cash burn for this quarter and a fair chance of being cash flow positive.

They also have significant cash reserves after the last CR that are likely to last at least a year even if cash receipts don't increase like they have announced they will!

CIO is oversold on every measure and will re-rate, it's just a matter of when!