Ann: Appendix 4C - quarterly, page-46

IMO history will end up showing that the March quarter is the worst from a cashflow perspective. They are paying usage upfront for the highest seasonable load months but receiving receipts from lower seasonable load months.

The forecast of FY$22mil equates to ~$7.6mil this quarter. With their estimated cash outflows and accounting for 500k install costs that puts this quarter back at cash neutral. A fair wait again though to confirm this with minimal news expected between to excite the market.

I expect much the same (if not a little better) from the Oct quarter. The only unknown is how capital intensive the DMA customers will be to acquire.