Ozzie, it’s not just me focused on the crucial funding issue. The market is as well. Why? Pretty simple if you ask me. Hardly any sales coming through. That’s why. And costs still coming in circa $3 mill a quarter. That’s why.
Placement and more cap raisings are not sustainable in my view.
Strategic partners kicking in $1 or $2 mill? Really that’s it? That’s about a month or two in costs per quarter.
Let’s just say this show runs around $12 million per year give or take. $3 million per quarter give or take.
With sweet FA sales.
That is just not sustainable. Hence why we are now less than one cent. One cent or in the old language a penny stock.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-50
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Last
$1.16 |
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-0.010(0.86%) |
Mkt cap ! $21.74M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.17 | $1.14 | $80.47K | 69.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2150 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 7380 | 1 |
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