Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-28

It's been a really steady bleed..... not a good feel for current holders.... but as others have stated it's around the need for some more cash (which should come from the Nasdaq IPO listing) but that is taking quite some time to execute.... to stem the flow maybe they should just bite the bullet and raise some cash locally via the ASX prior to Nasdaq listing.... if they managed their transition to cashflow positive earlier (by creating their new subscription model sooner) they'd probably have been able to get a business loan, but clearly from the director pumping in funds recently that wasn't possible. Like AJ7 said.... there is a risky short term trade here..... if you've got the stomach.