Ann: Quarterly Cashflow Report-SDL.AX, page-3

$4.3m in the bank as at 31 March 2016 and an estimated spend of $2m for the June quarter leaves a budgeted bank balance of $2.3m as at 30 June 2016.

The company is going to need to start going cap in hand to potential investors again within the next 2-3 months. How many more times can they go to the well before people/investors stop stumping up cash?

It's already evident from the last rights issue that major investors did not tip in further funds, so how likely is it that they will be putting their hands in their pockets again?

Either further hideous dilution to come, or last one to leave turn off the lights and lock the doors.

Cheers!