while that is what is on the quarterly, they don’t actually include investment and financial activities in that calculation.
If you include those, we really only have 4 quarters of funding left. This is why this 4C needed to be better, and was not good enough to get us into UNTAQ option exercising territory. Well, perhaps the market needs more time to digest it.
We now need another decent announcement of a deal being singed in the next 4-6 weeks so that we can exercise those options before they expire in 8 weeks time.
Having said that, this 4C isn’t terrible by a long shot. Some thought there would be major cost blowouts as we ramp up towards major release, but that all seems under control.
Revenue is a little down on last quarter, but is still pretty much on track with what we have across the FY.
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