Ann: Preliminary Final Report to 30 June 2018, page-41

They outlined in their recent quarterly that their estimated cash burn for 1 July to 30 September is $1.2mil. Given they had $400k in the bank at 1 July, and it is 4 September today, I'm not sure how you could say they aren't operating behind their own estimate? Unless of course you believe they have booked considerable revenue. TV2's "new office" is care of a company called Beyond Intergers which appears to offer book keeping services. This says to me that they don't actually have an Australian office anymore, and are probably no longer letting office space because they cannot afford it.