By my calcs we will have approx 1.3-1.5 million in the bank, add the $5 mill from the Govt grant and convert the existing oppies that expire in Oct of which the Directors hold a substantial amount and it will give us around $12-$13 million cash in the bank. This will go a long way to establishing a strong foothold in the international markets along with achieving FDA approval for the Adult App. After that Govt grant PD did say that the $5 mill will easily see us being cash flow positive because prior to the grant we only needed to sign up 30,000 beds/patients and at that stage had already around 8,000, but now with the 100,000 bed trials across 1000 RACS (which are expected to start 1st July I see cash flow positive very achievable in the next couple of Q's. Not sure where the downside/risk is now given a strong cash in bank will also see the childrens App trials and roll out achieve its CE,TGA approvals this year.
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