No, no, no OV. The company lies, and Pledge speaks the truth for us misled investors:
"The Company closed the quarter with A$11.2m in cash. Net operating cash outflows for the quarter totalled A$883k. The Company currently expects its cash runway to extend into the 2025-26 financial year. In accordance with ASX rules, the “Estimated quarters of funding available” reported in item 8.5 of the Appendix 4C is calculated by dividing the cash at the end of the quarter by the net operating cash outflows in the previous quarter, and the result of this calculation is 12.6 quarters of funding available. However, as the net operating cash outflows in the previous quarter were not representative of forecasted expenditure in the forthcoming two financial years, this is not consistent with the Company’s expectations."
"Solid cash balance of A$11.2m at end of quarter, with forecast cash runway into H2 2025" (Appendxi 4C for qtr ending Dec23)
You would be unwise to trust management in official ASX releases and regularly audited accounting figures, rather than an anonymous poster with a long history of demonstrated negative posting on CYP threads.
I can't believe the misleading crap some serial trolls get away with on this site that entirely ignore official ASX releases.
(you will actually find this poster on the Appendix 4C threads showing that he did not even get the reporting requirement of the ASX in Appendix 4C's of available cash via the rudimentary cash available / last quarterly spend as standard - I don't allege it, its all there in clear evidence)
(20min delay)