qualcomm exec, page-28

But if cash backing is ~4c

Using Cash backing calculation is pointless when they have no revenues and cashburn is so high. In 3 months time, cash backing is 3c, in 6 months it's 2c.

Best to look at amrketcap. Before placement shareprice howvering around 5.5c, marketcap was around $7.4mill. With extra shares and assuming price hovers around 5c, MC is $11.8mill. Cashburn is a given so the question is what will allow the share price to maintain 5c over the next few months as cash dwindles? This is the key, what can the company do to prevent the continued slide of the share price and actually start to increase the share price again? It's now going to be made all the more difficult with the substantial overhang that has been created by this placement.

I'm not confident but maybe MT will pull a rabbit out of the hat?