Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-11

14 pages of guff and the only surprise is that it's cashflow positive.....the big caveat on that positive number was the significant govt grant without which it would have been another ~800k operational cash outflow

what is scary is that this cash receipt should include some monies from the contracts that were agreed with fixed fees this year.......so without those, the underlying business is still burning money at a rapid pace

Olsen can change the tone all he likes in these marketing documents, but the only change this quarter was no capital raise and that is likely due to the govt grant (each quarter last year needed a raise to keep the lights on)