Estimated cash outflows for today's announcement indicated in last Quarterly was suppose to be $2,683,000 yet it comes out as $1,545,000 , this quarter they announce estimated outflows for next quarter to be $2,377,000 , do we believe any of it.
Revenue for the quarter came in at 1.1m as i predicted . Next quarter will be the yearly report where we will get some better metrics. Even if gross profit margins go up to say 30% by year's end they still need around $12m in annual revenue to breakeven after annual expenses of say $4m
Ann: Quarterly Activity Update and Appendix 4C, page-5
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