Another capital raise will be needed very soon IMO. Cash and Receivables ($2.55m) minus Current Payables and Borrowings ($1.42m) Leaves $1.1m in cash on June 30th. Assuming the Cash Flow burn has reduced significantly (from $2.179) to say a burn of $1.0-$1.5m p.a. (may be even lower, with luck?), Some Product Development for Saas ($200k-$800k) leaves a few short months only before a raise is likely needed?
Best of luck to investors.
DVL Price at posting:
2.4¢ Sentiment: Sell Disclosure: Not Held
