Staff costs definitely appeared lower last quarter, but still further progress to be made this QTR. I think they could probably drop one of the directors as well and save some additional funds.
$740k loan was converted to equity in Feb, so that reduces debt and interest payments. We also paid back roughly $500k of debt last QTR, so in total, that is about $1.2m less in loans that we should be paying interest on.
Hopefully a solid QTR leading into the end of FY, before really kicking some goals this FY.
HT8 Buy Side Depth, page-8
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