Simply maths for me.
Last qtr they had operating cash outflow of $647k and they hav $895k cash on hand with $1.1m operating facility left of a $5.2m facility.
Enough for the next qtr - but then it gets tight - this assuming that the cash receipts number represents a reasonably consistant collection of receipts as opposed to lumpy one offs which simply through timing distorts the quarterly number disclosed.
....and from July, their agreement with PowerEagle is to up production from 3,000 scooters per month to 4,000 per month.
Yes - they do need a significant deal in the next qtr to kick the shareprice before another cash raising is likely. Best case scenario is probably to get the SP over 2 cents again with raising at 2 cents.
sents
Ann: Appendix 4C - quarterly , page-9
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