I think its still too early to call either way as there isn't...

I think its still too early to call either way as there isn't sufficient detail in the cashflow reports.

$1.25m in new customer sales is definitely positive. The key question now is whether the reported 28 customers to 30 June 2010 renew. The reported renewal(s) in the current report would only be a small handful of customers (<5) from the very first batch of sales.

If all existing customers renew then revenue will accumulate quite rapidly and we should hit positive cashflow within 6 months. But if a bunch choose not to renew for whatever reason it could be quite a while longer.

PS: nice to see HC moderating the above post, it has been frustrating watching people attack each other (and their investment positions) instead of talking about the stock.