The problem with this company is we are at the end of the seventh year since listing they have burnt through over 37.5 million dollars consisting of raisings, placements, tax refunds etc. Our illustrious CEO has said we have hit the ground running, with our go -to market initiatives, the team has shifted gear to the commercialisation mindset, my question is what were they thinking and doing before. What has happened to the large increase in printing orders that was supposed to be happening.
Our buisiness development team are at work, during the next six months we will be actively seeking purchase orders for the AL250 that was said on the 2/3/23 the six months have come and nearly gone and what do we have to show, not one sale. This says a lot about our printers. Trying to partner with someone seems to have been given up on. Revenues of 63,250 for the quarter, 1.29 quarters of funding left, directors fees alone of 82,000 how do you think this is going to end. I will say borrowing the 500,000 loan was a good idea saves diluting us again. Another question I would like answered are Barnes still working with us or has their contract finished.
A3D Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
