Ann: Appendix 4C - quarterly, page-8

crunched a few numbers,

If their forecasts are accurate they should have an operational cash flow profit of approx 500k next quarter. This round of receipts was low in my opinion but they have reiterated that they are on track to meet the 22M of revenue for FY18 which should put receipts a bit over 7.5M for next quarter. The reasons provided are vague so i can't really place a dollar figure on how much either effected us this quarter. I don't actually even know what an environmental charge is and can't be bothered looking it up.

I still find it hard to get my head around the billing cycle and when you couple it with the seasonal usage graph they supplied a few months ago and the changes in billing periods from monthly to quarterly and pre paying the COGS weekly, then i just give up on that front. Am at the mercy of their forecasts.

the 'cash flows from investing activities' which we know as conversion costs has varied from mid 400's to 900's over the last 5-6 quarterlies. They were converting more earlier on so im thinking next will be 4-600000. If all this is correct we could be totally breakeven (including conversion costs) by next quarter and if not then, definitely the one after.

I'm not ecstatic about this quarterly as since the receipts were low i don't think well be seeing any such SP rise but it does show that the growth story and business model are still intact and I don't have a reason to sell just yet. Unfortunately i think were in for another few boring months unless something comes out of left field.

Anyone else crunched the numbers and are yours similar to mine?

cheers.