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55 Posts.
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17/09/21
12:42
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bullbear,
Little bit of Smoke and Mirrors in the Financial report and $12.4 m loss. The cash burn for the year was around $5.3 Mil
from page 13 of the report
There was a forced write down in the inferred asset value of the Bd1/Sienna products/technology of approx $7.3 m which contributed to the $12.4 m loss. Value write down and tax loss not actual cash burn.
from page 8 of the report.
The big loss freaked me out initially as well, although the costs have increased they haven't ballooned as much as the loss initially sugested.
As always my analysis only so DYOR.
Wild
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