Yeah they could of explained themselves better imo. I contacted them straight after for an explanation which they could have said in there which would have cleared things up a lot. By rights a quarterly should just sum up the events of the last quarter so the $500k revenue ann happened in this quarter but it's always handy to add in any good stuff from the current quarter also. I think management are use to working for big companies who just release financials with little to no commentary. It's different in the spec end, info is valuable.
The one good thing I see from the financials is that cash burn is low at $400k for the quarter. This next quarter should see them receive more money then they have spent during the quarter.
Hopefully they can give us a market update with a better outlook on the financials soon.
TKF Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
