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2.27% 4.3¢ norwood systems limited

$300Mill flowed into start-ups in the June quarter, page-15

  1. BottleShock
    2,361 Posts.
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    19/07/17
    06:53
    Post #: 25944861
    They had $772K in the bank at the end of March with projected outgoings for the next quarter of $1194K so with the proceeds of the raise of around $1800K and negligible income they should have had 772 + 1800 - 1194 = $1.378M in the bank at the end of June. If the burn rate remains constant that means without significant income it will be lights out about 9 weeks from today.
    Last edited by BottleShock: 19/07/17
    NOR Price at posting: 1.3¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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