Ann: Appendix 4C - Quarterly Report with commentary, page-108

There is really only one thing that I want to know and that is what is happening to Ohm revenues.

My understanding is that more Ohms were installed in the September quarter than in all previous human history. Even if most were installed in the final month, I figure that at least half and probably closer to two-thirds of the full contract revenue should have been earned in the December quarter and full contract revenue should have been earned from all earlier installations. Cash receipts would obviously be less due to the actual timing of payments, but the focus should be on revenue, not cash. So there really should have been a sizable uplift in Ohm revenues, irrespective of the disappointments in the December quarter, which are disappointing but have at least been explained.

The problem with the information we have is that it is jumbled up with Thor revenue and that is all over the place due to contract re-negotiations.

What we need is a clear statement about the revenue generated by Ohm over at least the last 3 quarters.