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....
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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