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

So the company proudly banked $327k in the quarter which, I presume, includes the $160k from Optus. Given the December quarter revenue was $203k I think we can assume most of not all was received in the March Q.

That means revenues from all other aspects of the business was $167k, following on from $203k in December. That's.... horrendous.

I think Growler was predicting no capital raise until after the quarterly, but true to form Norwood are forced to announce one with the report or be unable to answer 8.6 of it. $300k line of credit from the Doc. I've lost track but I guess he's saving his 3% creep for this six months until a bit later?

It looks like Norwood will spend around $800k over this quarter (pretty consistent with the previous three quarters, I don't expect another $135k in marketing/junket costs again) and will have revenues of around $2-300k. Docs $300, the $200k in the bank and $100k from the Radium loan will see out the quarter. Then we get to watch it all again this time in three months.

Market loved the report though, stock up 4%!