Ann: Quarterly Activities and Cashflow Report-XPE.AX, page-21

The main thing that concerns me from the report is the Admin and Corporate costs... $2,297 million for the Qtr with $456,000 of that going to the Directors... With a cash burn like that there will be another cap raising before we know it! $274,000 revenue doesn't even cover the staff costs yet. Also should they manage to get another $38,500 revenue a qtr over the next 2yrs then the proposed 30% bonuses clause would be hit giving them another $108,000 each.... Big bonuses for a company that looks to be bleeding cash...
I understand that research and marketing doesn't come cheap but the performance targets need to be set a bit higher methinks.
All IMO and DYOR.

Cheers