Ann: Smart Communications to deploy Freeway Roaming Service, page-106

Should be no need for a CR at this stage. Last quarterly stated $1.5mill cashburn leaving $5.85mill. Estimated expenditure for June quarter was $1.86mill. Around $300K revenues was held back last quarter due to when public holiday fell, so adding that in and assuming further growth in quarterly revenues (say up to $600K), cashburn should only be around $1mill which means $4.85mil left which is plenty for the time being.