new month new start, page-53

If they thought they needed more, I guess they would have raised more. GS, just wondering how do you raise money in your world?


Anyway - here are the facts:

$1m @ 31 dec +
$3m @ QVT loan+
$4.5m Cap raising +
$400k on existing loan facility

= $8.9m

@existing 31Dec cash burn of $2.5m pq or $830k pm = 11months worth. Or enough to at least 1 Nov (from 01 Jan).

However, the above does not take into account the following which are over and above previous minimal receipts:

1. PDT's expected return to profitability during this half.
2. Cost cutting measures expected to be reflected from Jan 1
3. Receipts for 10 Aus Post parcel lockers so far
4. NextDC receipts for Bris+Mel which had not been received by Jan1.
5. Next DC receipts for Canberra if a deal if done. Looks almost ready for cabinets
6. Mac Telecom receipts. Larger that NextDC based on area.
7. Payment for expanded trials yet to begin - Coles, Westfield.
8. Other major near term deals.