Ann: 1st Half FY19 Results Announcement, page-69

Steve......I think the important inflection point is the inflection point in cash burn not just the point where cash flow reaches break even (although that is also important....but it also tends to occur when growth moderates.)  Our model doesnt anticipate cash flow break even until March 2020 but cash burn inflection possibly could be as early as March or June this year.

As we get closer to the date I wll try and quantify what I think will be base case, best case and worst case for cash burn in March and June. 

As always, more later!   VMK