Contracts, page-3

I should add that the $2.7 million in the quarterly is for cash OUTFLOWS, not receipts. Robert said we would get a third of revenue in the first half this year at the AGM (which suggests around $7 million of $22 million). That will include receivables. I doubt if cash received in the second quarter will be very large and expect it will be less than the $2.7 million forecast cash outflows.

We may end the half year on accounting break even, but I doubt the last quarter will be cash flow break even.