Ann: Appendix 4D and Half Year Financial Report, page-2

Just scary to see the number of overheads/ benefits  they are able to cut -  just how much unjustifiable bloat was there and why so slow on acting..  They obviously expected it wouldn't be noticed in the wash if they had decent uptake so every bugetry and market share number management created internally and externally must have been out by a massive factor or just poor management and no reality on timelines.  Market cap at 50 mill and  2 mill sales  turnover 

Margins and follow on with new agreements is critical otherwise these guys will be back at the trough wanting more cash.   Scale needs to be achieved or it's a dead duck with these overheads.

Coming quarterly and its commentary regarding split of where growth and turnover is coming from are critical  to see if any sunk costs will give returns. 

"The Company’s cost reduction program is continuing with an additional $2.5 million of identified annualised cashcost savings that will be implemented by the end of March 2019. These savings come primarily from reductions innon-sales focused headcount and the consolidation of operating systems and services.The Company expects effective annual overheads to reduce to between $10 million and $11 million per annumwithin the next 3-6 months. With top line revenue for FY19 (including tax incentives) expected to approach orexceed $9 million, the Company believes it is well-positioned to deliver growth in shareholder value."