You are obsoletely right on the 10.5m in funding.
Just watched "Investor Briefing Webcast" in recent email, Peter mentioned 10.5m in funding twice, especially at 25:10 to answer the same question from Tony Peter. He said the 10.5m funding is separated from 12.9m cash on 31 Dec.
Regarding to cash flow positive and costs, Peter also provided a good answer.
18:10 "long-term aim to get cash positive, we are confident of current cash position and balance."
23:05 "We should start to get leverage out of the existing cost base so that the cost base has some growth to go in terms of hiring more people but that is limited. We've really done a lot of work in growing the platform and capability of the business. So, as we start to drive more revenues we should start to see a reduction in cash consumption. ..............Once we've been hiring people, management and staff in australia and europe as an example and so we're increasing and improving out capability but the other thing is we've been investing in platforms. ....for instance, We've just implemented a global ERP or accounting system called netsuite(?). It's about a four hundred thousand dollars commitment over three years. And you know that's been about a year for us to implement that and get that running. We've just implemented a global human resource information system. We've got a global CRM system. For the business we use salesforce extensively. Also globally, we use atlassian jira...........a fair bit of money we've spent in the past has been about preparing for some of this scaling up.
Peter also talked about SP at 27:35 : you know the tech sector globally has had a sell-off. ..........I think the market is waiting to see the bank license and some other things come through.
The Q&A part is very very helpful. Lots of questions are covered.
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