Last quarter net operating cash flow was ~1.2M and cash on hand was 5.6M. ADO raised 1M @8C for battery market research. Lets see what they come up with this quarter. Sales revenue and Govt grant from last quarter was only $227,000. If they keep on spending at same level without any material increase in revenue then ADO cannot last with this cash for 2 years. maximum they can survive for another 3 quarters. How you calculated 2 more years?
