My assumption is all that staff are critical to the operation of the business. No one here has been able to prove proof otherwise. It would be easy to gather that information, but they're too lazy to do it.
I know if I developed AI tech, founded & launched a ASX listed company, I would want it to succeed by generating profits. Why you would keep bloated staff levels & have to go through a whole drawn out process to constantly find funding just doesn't make sense to me in this context. Which would you rather do? Constantly beg sophs or instos for cash? Or generate profits? To be free to pivot the company in any direction you want. Perhaps even pay yourself a dividend? You would make more money through SP appreciation & paying yourself a dividend than trying to eke out a living on shareholder cash.
W2V isn't getting the entire amount upfront, it's spread out over the next 3 - 4 months. So I guess they expect cash receipts to increase for the next two quarters.
Quarterly is due at any time over the next two weeks, so we'll get an insight into how long that money will last.
W2V Price at posting:
0.7¢ Sentiment: None Disclosure: Held
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