low on cash

DYE has less than $8mill in the bank, and, despite some revenue flowing in, and despite some one-off expenditures in the previous quarter, is likely to continue to burn through roughly $2mill per quarter over the next couple of years. On this basis, I'm betting the company is going to have to try and raise around $16mill towards the end of this calendar year. If the capital markets have improved by then, then another raising for a company operating in a high growth sector like DYE shouldn't be too difficult. But if the capital markets in 9 months time are still much like they are today, then DYE is going to have to price a further raising at very steep discount if it is going to be successful.

You only have to look at CFU to see what can happen to a promising company in the renewable energy sector that didn't manage its cash appropriately.

With meaningful revenue still 3 years away, dwindling cash reserves, hostile capital markets, and a current market cap of around $90mill, there is plenty of near term downside potential for DYE.