Hi Plough, Yes, I would agree that it would be good for the company to provide some more information on its cash burn. In my view companies like EVS should have to report quarterly 4C reports. I have not invested in EVS, because although it has needed products, it seems to have a very large and intensive cost footprint which I think will take a long time to generate net profit. I had assumed that a capital raising was coming and I think EVS timed this right otherwise they would be having to do it now with less cash in the bank. Hopefully they can continue to build goodwill and embed their technology over the next couple of years to build a solid, cash flow positive company.
EVS Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held
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