Capital raise coming up, Directors are in advance stages of a capital raise stated in the quarterly.
company started with over a million dollars and now only have 585k and that’s with income of 229k coming in.
pretty disappointing result imo, that’s cash burn of 670k a quarter. Even staff costs were about the same as revenue, is No wonder this was released after hours on a Friday hmmm.
this should be down 25% Monday terrible result for holders
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