They have a strong cash position for a micro / penny stock with...

They have a strong cash position for a micro / penny stock with greater than 10% cash at over $4M and over 5Q

They also came in at under 50% burn over the past quarter so may well do again which would stretch cash to 10Q if repeated.

The VISA deal ... sure potentially it's worth nothing but it's only added 10% value to it - which appears missed by market.

Potentially VISA is worth nothing, more than likely it's worth something and maybe it is worth many many multiples of the companies current value - but they are not going to go broke or need more cash anytime soon to find out.

Any new deals just add to the picture but it already seems greatly missed by market as is.

If any nitpicking i'd suggest they ditch using NZD in financial reports and stick with AUD - it's just confusing.