Hi BC, i beg to differ with regards to some of your calculations
So from the march quarter this year
Admin fees were predicted to be 500k yet the actual fees were beyond 700k
For the june quarter
Admin fees were also predicted to be 500k yet turned out to be 900k+
For the current quarter
Admin fees were again estimated to be 500k yet i genuinely believe that it will be around 700k but happy to be proven wrong.
Overall, I see that TTE tends to underestimate their cash outflow looking at the patterns from the past few quarterly reports. Check it out if you dont believe me. So i find it highly likely that current quarter costs will be beyond 1 million and hence we will be cashflow negative.
Sorry BC, not trying to have a go at you but just putting it out there for consideration. However, I totally agree with your calcs on cash inflow.
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