Ann: Q4 cash receipts grows 36%, Thailand is EBITDA and cashflow, page-2

Good progress. Forecast expenses for next Q down substantially. Carrying that forward with even lower growth estimates than the company (~30% in 2019 & ~34% in 2020) gets us awfully close to break even without a CR.

If strong Q1 results come through, and there is decent SP appreciation, a few oppies might get excercised too.

It’s still tight, but things are looking positive.