Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-6

It's been 4 full quarters since Songtradr took the helm and the company looks completely different.

We were burning $6m a year, when you strip out this quarter's redundancies/one-offs and add the r&d grant we are burning approx $2.6m a year. As a percentage, that's a huge improvement and transformation that has been undertaken.

More importantly for me as an investor, they have set up a strong foundation to build on and based on Josh's comments, they are not sitting on their hands like a lifestyle company, they have all hands on deck.
The q on q improvements indicate to me that we will be in a very good position in two quarters.

I see the JXT database as being our Moat and backbone of the operation, but not something we should've been investing heavily in. I'm glad management have identified and are acting in a fluid manner as needed.