"There goes the R&D Tax credit."
And a little bit more. Just looking at the forecast operating expenses for the next quarter ($2.48m) and allowing a moderate 10% increase in cash receipts, we would not have been far off being cash flow positive for Q2 and with the R&D grant we would have definitely been in the black. Looks like we will have to wait a little longer.
Ann: Trading Halt, page-6
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