I'm finding there's more to mull over with Ici's financials than...

I'm finding there's more to mull over with Ici's financials than previous - I can make a bullish and bearish case as so much is still sitting as speculation.

• How much revenue will The Engineers NFT generate?
• Were there sweeping cuts to staff costs in Q2 that wouldn't be realised until the current quarter? (e.g. severance pays, final entitlements etc paid in quarter)
• Are they on track for project delivery of owned IP?
• What is expected of WFH revenue?

My take on the cash position is that Q2 demonstrates a reining in of the cash burn. ~$3.3m is the lowest in 18 months, and based on getting some clarity on the above questions, we may see a profitable scenario in the current or next quarter.

There is a standout movement in the reduction of Administration & Corporate costs, and a sharp increase in Product Manufacturing and Operations cost. Is this indicative of a shift to in-house IP development?

Personally I'm glad and relieved that The Engineers NFT is still being discussed in AMAs and webinars as being released this quarter, and that they won't pull the plug on that timeframe. At least, that's my take thus far. Despite the down market there are still some pockets of success and The Engineers are certainly something that is being discussed as a unique utility NFT that will continue to grow in coming months and years. I'm also seeing of a surge in NFT sales in August - and simultaneously a shift towards gaming NFTs - too soon to call it a trend.