Ann: Trading Halt, page-96

I have been waiting until a CR was done before buying more. Hopefully I can get some at 20c.

BUD had negative cash flow of $2.7m in the June qtr and it forecast expenses of approximately $3m in the Sep qtr.

In my opinion, cash receipts in the Sep qtr will be similar to the June qtr ($0.5m) and I would not be surprised if expenses were higher than $3m, therefore BUD could still be burning through close to $1m per month ($2.5m-$3m per qtr).

In my opinion current cash plus the cash from the exercise of options would run out before BUD became cash flow positive, especially if they wanted to release new products etc.