I'm one of the ex-holders who now doubt the ability of the company to deliver. Lambie says that he believes the company doesn't need another CR. That the revenue should cover expenses. I doubt that. They'd better start coming in quick. At the end of March KSS held $3.6m in cash. Last year, their staff and admin costs averaged less than $1m/qtr. Last qtr this was nearly $1.5m. Remember this is staff and admin and corporate only. This qtr they launched and getting even more getting even a bigger board. They are top heavy in my opinion. Anyway you look at it a CR is on the cards, IMO.
As I said, I like the idea of what they are attempting to do and will continue keeping my eye on this, but till they start earning a decent revenue, I look at KSS from afar
KSS Price at posting:
52.0¢ Sentiment: None Disclosure: Not Held
