Ann: Response to ASX Query, page-8

Obviously the revenue from the licences is totally inadequate (so far) to meet expenditure. Not surprising when they had only $75k in revenue for the last quarter vs. expenses of $1.3 million.
Doesn't say much for their cashflow planning. Perhaps if the directors paid themselves a bit less and were more transparent about the real financial situation, the shareholders would be happier. The ongoing restructure and the conga line of directors in and out in short order is a worry. Not sure they know what they are doing. When all else fails - keep restructuring and diluting.