Sorry for sloppy formatting in advance, however... Last...

Sorry for sloppy formatting in advance, however...

Last quarterly Estimates v Actual outflows ;

9.1 Research and development (1,500) .v. (1,807)
9.3 Advertising and marketing (400) .v. (511)
9.5 Staff costs (1,850) .v. (1,805)
9.6 Administration and corporate costs (950) .v. (1,002)
9.7 Other – Acquisition (400) .v. (400)
9.8 Total estimated cash outflows (5,100)

All in all, spent more on R & D, Advertising and Corporate costs than budgeted.

They say current cash available is $9.5M, with $6.1M in the bank and $2.6M R&D rebate (est.) there is $800k elsewhere, is this cash receipts from Otsuka and current corporate clients from Q4 or unexercised options, I wonder.

With Q1 FY19 burn rate at $4.7M, we have 6 months runway. I have no doubt cash receipts will rise quickly this quarter or Jack will pull a rabbit out of the bag.

Nothing too surprising or alarming in this quarterly from what has been previously communicated to the market.

Mr.G