DUB Quarterly

This is going to be a tough one to predict, however we do know they have only received $200 from Telenor and most of the other Telco's they have recently signed have generated no cash receipts.

Cash on hand last quarter $5,258,000
They used $1.13m proceeds from borrowings expecting that to be received from R&D, so probably assume they'll use the same amount this quarter
Outflows for the quarter assumed at $1.97m
Let's be safe and go with $2.5m - not cheap to set-up an office in the US & hire new staff
Cash receipts - anywhere from $80k to $110k

Cash on hand as at end of quarter = $2.85m & cash on hand right now would be closer to $2.1m