Ann: Quarterly Activities Report and Appendix 4C - quarterly, page-16

yep I believe these types of contracts are up front. There is another cyber risk radar contract which is an annual renewal around August I think and that is also upfront. There was also $900k receivables from last quarter. So my guess is $700k of those receivables came through + the $1.5m social media contract. That gives ya the 2.2m received this quarter.

I would expect next quarterly to be soft relative to this qtr unless a new contract is signed very soon. So likely it goes back to being a negative cashflow quarter. But I think the annual result this year will be positive operating cash flow if we can snag 1 more new contract. Anything more than that should end up in a very healthy bottom line at the end of the year.

Just my 2 cents