The burn isn't the issue itself but that the financing for...

The burn isn't the issue itself but that the financing for equipment for PaaS deals seems no closer and they have to go ahead with the capital spend to implement the deals. Practically telegraphed the risk of a CR given current cash generation and spend requirements.

What is key is they they need to better delineate ARR either by breaking it down between live (i.e. current cash generating) and to be implemented but contracted (i.e. future cash generation). That or they need to do what PME does ad give approximate timelines for when they start and complete implementation so investors can determine the time for cash to come in. Cash receipts are inline with live ARR being the ARR rate at the start of FY19 ($2.87m div by 4 is ~$0.72m) plus some additional early revenues from the renewal contracts that have larger scope.