“Cash remains $3.8 million (!!! low compared to current expenditure requirements)”you mean past expenditures not current. Outflow last quarter was about 0.6m and that figure continues to improve, supporting to positive ebitda position at the end of this year
the current debt facility is until September-2020 not 19. The company should be profitable by then so there’s plenty of time to refinance. Nothing in the future is 100% so you have every right not to hold shares.
I am content with current progress -Alexicool pipeline (bringing us to positive EBITDA) much bigger than I anticipated. -Military field/wear trials soon -ICL good discussions around launching the product with them
A lot to be excited about imo
AJX Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
