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Thanks for that, I thought all research and development costs...

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skinnygirl

78 Posts.

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01/11/16

15:44

Post #: 20286026
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Originally posted by milesy ↑

The cash burn rate is correct, and yes, $519k of hat is R&D, so they are still spending big bucks on the development stage. (Still nothing allocated to marketing).

The rebate you mention is actually a claim they have in with the ATO at the moment which may see them get (in their estimation) approx $500k back as a rebate from the prior year's spending on R&D. A bit like claiming a rebate on your tax return based on prior year's income and expenses.

So the two aren't related. The spend will occur...the rebate may be granted. Even if granted, it is a one off payment and they would have to apply for similar grants again next year.

Sorry. A bit wordy. I hope that makes sense.

Milesy

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Thanks for that, I thought all research and development costs were rebated back, yes nothing on Marketing, An interesting AGM coming up cheers

PSY Price at posting: 7.6¢ Sentiment: Hold Disclosure: Held
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