Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-29

they borrowed 900k
1.6m comes in by end of Dec
they then pay back 900k
clear 700k
they have 2.3m cash end of sept
so 3m cash less assume $1m burn current quarter?
keeping in mind revenues from the NS2 trials will kick in from start of Nov
& hopefully a good chunk of money coming in from the promised 5 eyes order (60 initial units and up to 300 over 6 months)
they will have enough cash to get them through to early next year assuming revenues do not increase substantially

we have been promised rapid revenue growth for over 15 months now, and they have failed miserably.
they have spent a ton of shareholders money on new staff in the past few months who haven't delivered at all eg Charles Fonceca, Damian Brown, Andy Freeman

they have issued Linda shields millions of performance shares for free - what major deals has she brought in to justify this?

the CEO is sucking $400k every year of shareholders hard earned money out of the business whilst the shit show is unfolding

they desperately need an experienced CEO who knows how to scale a business rapidly, and one who under promises and over delivers...& sticks to his word.