Who knows.... all will be revealed in time?
Yes I believe the US of A's does use the full year as their financial year (Jan-Dec) but here in Oz we work on Jul-Jun, and I believe this is what the presentation is basing its data on.
OK, was late last night and after having a crap day at work, my head wasn't in the right space of mind when reading the 14mill figure. I understand now that you are talking about being cash flow positive for the FY'19 (Jul '18 - Jun '19) as in the presentation (P 25).
Yes well the ramp up will surely have to happen and happen soonish. I guess since the end of FY '19 is 15months away... this is ample time to have all the current tests results done and have sales on the board after it. But how much is the question, will the 14mill get hit... we shall wait and see.
If and that is IF all EDEO's are converted this is an extra 4.5m which allows another 3-4 months. Lets just see how TASO goes first. +4.5mill could sees us to Jan-Feb '19, sales on top need to add to at least 6mill in the next 15months for see out the FY '19. They are projecting it, but as we are all to aware, their projections have been short countless times.
Personally I do see another CR before Jun '19, the 6mill figures does look like a high hanging fruit in our current situation. Though, time is on our side and like I have said above, lab tests and field tests would have all surely by then passed and potential customers ringing up for orders. If there isn't a CR before then, it can only be seen as a bonus, as it means that EDE are starting to run and operate like a profitable company. I'm not suggesting it will be profitable though before Jun '19, but if no CR has happened, it means sales have increased enough to be cash flow positive.
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