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Given that some of the Tranche 2 participants are yet to pay &...

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    Given that some of the Tranche 2 participants are yet to pay & the underwhelming SPP, I would have to revise the current COH figure down to around $4M.

    $2.1M from Tranche 1
    $1M from the convertible notes.
    $180K from SPP.
    $1.7M from Tranche 2 (supposed to be $2.2M but some are yet to pay).

    Minus costs.

    $500K cash receipts at the start of January, plus I hope a few hundred thousand more by the end of March.

    Minus cash burn.

    COH should be around $4M.

 
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