So you agree that they haven't spent $137m then? It is relevant when you're couching the $137m as shareholder's funds that have been spent when it isn't. If you were to say $80m then there's no issue as that's a fact of how much cash has been raised over 10 years and while not a great figure, it matters little to me as I've been here for the last 4 years and the ship is poised to turn a corner.
In case you were interested, shareholders have the benefit of the accumulated losses which enables the company to derive profits up to the losses previously incurred without paying income tax. That allows the company to have an additional 30% of available cashflow from profits to grow the business and/or conduct an on-market share buy back.
SPX Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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