Qtly out and as expected margins have been low and the net cash...

Qtly out and as expected margins have been low and the net cash flow was negative 2.907m for the quarter. Expenses used to be circa $4.5m a quarter and have jumped to almost $7m for the quarter.

$4.122m cash receipts for sept qtr versus $3.748 in June. Circa 10% revenue growth despite 29% QoQ increase in turnover.... a disturbing outcome costs also rose over 50% with only a small number of one off expenses.

Assuming run rate and a pick up in Dec quarter I’d expect another cash flow neg quarter of at least $2m. A large betting house either needs to take an equity stake via a share placement to raise more funds otherwise you will see an equity raising before June 2018.