market update, page-8

ellaishani
I have to agree with your comment re a second half loss (and a full year loss)
The press release says the only new income to be recognised in the second half will be about $1.7mio. Add to this likely income from recurring mainentance of about $4.5mio and you have income of around $6.2mio.
Operating costs will be around $8-$9mio. Leaving a second half loss of $2-$3mio.
The need for the new issue is now very clear.
ITE holders will need to be patient for a bit long yet.