DW8 Growth, page-15751

doesn’t matter who you blame, the reality is we have $4.8m cash after first New Tech drawdown, with a net cash operating outflow of $15m p.a.

given the market hasn’t come to the party, unless they cut key expenses, of which > 50% is salary and wages, it’s not looking like they’ll be around long enough to fulfil any growth story. other option is they try to raise again at a very low price, which obviously means further dilution.