Ann: Quarterly Activities and Cashflow Report - September, page-2

So will they raise cash now through a placement, or leave it until Feb next year? Ain't no raising gonna happen between Dec 10 and February, and their main cash burn is right now. I expect $7m placement at $0.18c to Sophisticated and Professional Investors by 3rd week November

If they can keep advertising and marketing to under $1.5m this quarter they are geniuses. $4.5m is not enough runway right now (btw I'm in favour of raising more cash to expand promotion right now)

What it also says is they will probably have to offer Performance Shares to their #3 judge, they don't have sufficient cash to pay them money

DYOR