Since Roadshows were on the cusp of quarters, I'll give MO...

Since Roadshows were on the cusp of quarters, I'll give MO benefit of the doubt.

To hit his revenue projection by end of FY19 would require 50% exponential growth quarters:

FY17 Q4 - 3m (known)
FY18 Q1 - 2.27m (known)
FY18 Q2 - 1.32m (known)
FY18 Q3 - 4.22m (known)
FY18 Q4 - 4m (known)
FY19 Q1 - 6m (estimated)
FY19 Q2 - 8.9m (estimated)
FY19 Q3 - 13.4m (estimated)
FY19 Q4 - 20m (estimated)

If we assume Elizabeth is finished *early*, payment would be FY19 Q1. This may explain why we are paying to offload EMC (as technically the $3m payment should be in FY19 Q2).

Since these were revenue projections (i.e. not profit), that would mean $10m (i.e. Elizabeth $3m + Newcastle $7m) this quarter, bringing the other 3 quarterly projections down (i.e. to still meet the $50m).