As a non-holder I have watched this stock.
MC is not below their released quarterly cash held, and will be over and above if their spend keeps at the projections in the quarterly.
At a VWAP of say 0.059, on 152.9m shares - MC of 9m.
Cash/equivalents of 6.6m, burn rate of roughly 1.5m - scary to see things from a purely current $$ perspective. Needs something big in the pipes.
Ann: Appendix 4C - quarterly, page-16
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