Yes, operating costs went up from $1.91M last quarter to $2.07M...

Yes, operating costs went up from $1.91M last quarter to $2.07M this quarter. Regardless of the rise (PEPR, I don't know), the base burn rate is reasonably steady, and seems like a lot of $ under the circumstances. This is why DSO is unlikely to work, not without culling staff and wages. I think this is why they will hang their hat on HRM. If that doesn't have legs, which their own reports suggest will be difficult at best for an international market, then this risks becoming a lifestyle company, IMHO. I think delays on the revised DFS will be read by some as meaning HRM hasn't gained traction, and they don't have a plan. Anyone pointing to the BOAs should consider the volume and period they cover. Also, from memory it was exclusive (?) and I don't know who wears the risk associated with unsold inventory.