Not sure where you go 32%.. I think you mean 33%, but that is not quarter on quarter. it is quarter against corresponding quarter (so that is from Dec 2016). While this is good.. it is not brilliant....
Overall it is looking Good and it is possible from next quarter onwards CF will be positive. Next quarter will obviously be boosted by the R&D tax refund of >500k, the FZO cash of 200k and increased cyberbiz sales. Then hoping further sales put the July quarterly CF+ and we are home.
However I will be put something out there that only keith would most likely be able to decide:
- Get a new cornerstone investor onboard for ~500k at say 7c/share and then offer a minor rights issue to all shareholders at the same price. This will bolster cash reserves and keep investors happy and treats all investors fairly.
- Get a current cornerstone investor to sign an agreement for 1 - 2mil to act as a credit facility IF needed
Looking forward already to the next quarterly. Be nice to get a cyberbiz sales update in between
Ann: Appendix 4C - quarterly, page-7
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