Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-20

Absolutely right. I cannot conceive how various grants were included as ARR. I also cant remember LVT getting grants worth that much.
the blatant admission was made BUT the ASX has not done anything. ARR is not something that can be misconstrued. Its got an obvious meaning, so how do these characters get away with it. AND Karl is still there. He should be terminated immedately. Nothing in the update was put down to Karl. 1M retained would make some sort of difference. Despite the problems and the uncomfortable position the company still has $30M+ in ARR, a product and a good staff. The doomsayers shouldn't get too carried away yet. !!!!!!