Well done Steve Schapera, page-65

Last 4c stated 4.7 million cash after qtr. Forecast spend next qtr 750k, and i think they have been averaging 800k ish so thst makes sense. Even with low royalties we are recieving they are still now averaging 300k per qtr and building in theory.

So this should mean burn is 500k per qtr and with 4.7 mil in bank and cr typically at 1.5 mil left then at least a year cash. Only change will be drop in earnings, expensive new olympic board, or funds reqd to develop new product??

Really seems like the sp is now just holding and waiting for next 4c. If there is even the smallest fall in income below the average 300k per qtr then it will certainly get ugly.
So far we know it will be at least 300k because of late last qtr payment. If we get an ontime payment this qtr and increase royalties maybe we can hit 7-800k and reverse last 23k 4c