Well, we are headed toward crunch time as @norvest postulated, I...

Well, we are headed toward crunch time as @norvest postulated, I too think they need to drop some significant news before at least mid March, otherwise the SP is going to soften much further.

We don't have clear line of sight to this quarter's pending cashflow but lets make a few pie-in-the-sky assumptions;

Revenue: $1.4M (inclusive of the $234k work in progress mentioned). Who knows what the take-up has been for the SMSF Hub & Wrkr Ready
products. May be significantly better than I am guess estimating.....and I hope so.
Cash Outflows: $1.126 (which assumes a $125k reduction from the $500kp.a run-rate costs mgt mentioned and lets say a further $150k in costs
stripped out)
Net Cashflow: $274k (ignoring the usual accounting cash outflows reported in investing activities within the 4c.)



Cutting it close....... and if we have not heard from the company they are going to raise capital by Mid March, then a significant contract must drop before end of March. Otherwise we are headed toward suspension.

Under the old management, we would probably have already put our hand out to the market for my capital. I do hope those days are over for now.

In Trent we trust....for now.

Ian