I think they would be sweating.
Cash is likely closer to $5 million.
The SP hit 20c yesterday.
I doubt any of us expected the SP to be this low and I don’t think management would have expected it to be this low either.
They will have to raise money at some stage and they will have to be prudent which means they can’t risk leaving it too long.
It’s a shithouse predicament that I have seen all too often.
Thats why I am so leery when companies find themselves in these situations.
On Track to Profitability, Price Target Increased (MST), page-32
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Mkt cap ! $42.37M | |||
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