Some interesting points here:
1. Resignation of another CFO - Could this be that no one wants to be the last person steering the Titanic when the iceberg collision is imminent? I would imagine there would be quite a few investor groups and legal groups rallying up at this stage
2. A life saving $5m cash raise at some generous discounted rate.
3. Slimming down the workforce to get cashburn down to $3.3m per quarter is good but it does mean that there now is no team and Mildura development may be challenging.
4. 2 quarters of runway left before the lights go out. Surely another CR is needed?
The writing appears to be on the wall here.
Anyone care to differ?
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