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It's just the beginning for Spenda!, page-9041

  1. 20,988 Posts.
    lightbulb Created with Sketch. 875
    Don’t forget calling, Cap raise and further dilution coming soon for over 6 months now too.

    @Notthedart

    The point has always been that quarterly losses and cash burn have continued and imo even blind greedy could have seen that they will not have enough funds to get to a cash flow positive state

    Salary sacrifice and Government Rebate etc for going concern etc ..

    Even if cash flow positive occurred - break even or so - going concern is beyond break even imo

    Like previously stated if they had $32m cash now this could have been a different story - that has been blown for very little to show in terms of revenues

    So yes another cap raise has always been inevitable

    The price is barely holding 1.2c and 1c or lower is very likely unless a rabbit is pulled out of the hat very very soon

    Good luck all - all are welcome to keep buying

    IMO
    Last edited by Merchant2000: 19/02/23
 
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