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Ann: Appendix 4C, page-46

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  1. 814 Posts.
    lightbulb Created with Sketch. 13
    All my numbers have used the September 10Q run rate for research and selling expenses on the basis that the Dec 4C Conference Call broadly indicated no increase in operating expenses. The COGS is a bit harder. I assumed Gross Margin consistently improved so that it landed at 75% GMC by Dec 18.

    Cheers
 
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