TNT 2.17% 22.5¢ tesserent limited

Ann: Appendix 4C - quarterly, page-7

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    In a business there will always be set costs that you cannot avoid. As an example whether the company earns 1.5 mil in revenue or 5mil, the directors will be paid the same amount. Additionally rent would be expensive and you ar enot going to continually change residence as you grow. They may be able to hire another 10 employees without impacting the set rate of rent. However in saying this and now going what against I stated above, next quarter may be similar cash burn looking at their expected expenses including a building refit.
 
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