Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3

Some fancy accounting.

From my understand ( please correct me if I’m wrong )

Effectively burning $1m / Q with ~ $1m in bank

Seems half their audio stack divestment even tho announced 13th Jan was incorporated in the 31st Dec quarterly & half in this quarterly.

Assuming continued current cash burn, as of today, I have the company at ~ $660k cash in account

One of two things…

Either

1/ they divest the remaining or a % of audio stack ( which has been their best asset to date )

or

2/ this upcoming roadshow is a pitch to clients to raise more cash

Small growth ( I guess it’s better than decline ) in receipts hasn’t been aggressive enough.