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Ann: Medibio Quarterly Update and Cashflow Report, page-2

  1. organisation13
    507 Posts.
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    31/01/19
    22:26
    Post #: 37290906

    Not impressed with the projected cash outflow for next quarter. I was expecting significant cost reduction in March quarter. How could they cash burn $830K a month ($2.5m a quarter).

    Seems like we might need to do a capital raising in 6 months time.

    Last edited by organisation13: 31/01/19
    MEB Price at posting: 1.9¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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