Ann: Appendix 4C - quarterly, page-11

Depreciation and amortization are non cash items so won’t be these eating into the $34m. Provided no more acquisitions it will be operating costs. I estimate if cash outflows are $22m and cash inflows/receipts are high teens we will have similar net negative Cashflow next Qtr. Maybe cash balance of $30m with the usual huge cash inflow in Qtr1 2019 positive Cashflow and maybe $40-$50m in Bank by end Q1 depending on How well sales go with all these new sales people we have employed!!