Ann: Beating Guidance - Quarterly Activity Report & Appendix 4C, page-33

We've seen a low of 24 cents today. Currently sitting at 25 cents. Doesn't look good so far?



Fundamentals will drive this in the long term and they don't look good to me. Not yet anyway.

		Current quarter $AUD	Previous 3 quarters (Averaged)	Change (%)
1	Receipts from customers	$370,374	$285,150	30%
2	Net cash used in operating activities	-$1,498,214	-$791,303	89%

The current quarterly results compared to the average of the previous 3 quarters:
Receipts from customers: Up 30%
Net cash used in operating activities: Up 89%! That's triple the rate of receipts growth!

Burning cash at an accelerating rate that is much more than the growth in cash receipts!

Investors are not blind and they don't need marketing to tell them to "open your eyes".

Investors Deck - Beating the Guidance Q4 2019

https://www.asx.com.au/asxpdf/20200116/pdf/44d9g74qfvdz03.pdf

I'm going to have a guess that the next capital raising will come in June, just before investors see how little cash is left in the June quarterly which is released in July.