We all know what it is going to look like. No revenue from the...

We all know what it is going to look like. No revenue from the actual app. There may be some "revenue" payments from the joint venture but thats about it. If the app was making money they would and should have announced by now.

Based on their cash costs last quarter, by now they are running out of funds and are close to fully utilising their loan facilities.

They can no longer rely on government grants which has been a key source of income. 

I think we all know where this is going. So many big names and they havent generated a dollar from these partnerships.