Ann: June Quarter Results Presentation, page-15

i think you’re really pushing it saying 3m per quarter cash deficit, considering we just had a 4.2m cash consumption

lets look at the last 3 quarters:

June 2023: -4.2m
March 2023: -3.9m
Dec 2022: approx -4m when excluding the abnormal RKN dividend and large equity conversion.

very rough numbers taken from the reports but i’d like to know when you pulled the 3m per quarter number from? Especially considering they didnt bother making a comment on it in the report today

IMO even at a best case scenario maybe we drop to 3.5ish on average over the next 2 quarters, which means our cash balance drops to around $11mil.

this puts us in pretty dangerous territory for a cash raise over the following 6 months if nothing is done.
if we require a cash raise i will be very angry