i think the bet is on whether you believe them when they say that the core cost base hasn't blown out and that these are one time expenses. I think the growth looks really solid still (obviously a little lumpy but that's small caps) and they are still on track to break even in the next year or so - provided the admin costs come back down to the normal level of $1.5m~ish. Also pretty optimistic about Automation Anywhere cost savings. Im topping up
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Ann: Quarterly Activities Presentation, page-4
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