Further to this - I have just had another look at the 4c...
Revenue growth has gone from circa $4 mill to $8 mill to $12 mill from mainly Flexipin expansion each quarter.
Expenses have ramped up this quarter due to investment in multiple future revenue streams (this is a good thing, it is why they are raising cash).
But looking closely at figure 9 and estimated cash outflows for next quarter - if Flexipin payments grow to say $16 million things could get interesting shortly
Patience this game - never happens as fast as you like things to...
Further to this - I have just had another look at the 4c......
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