$42million market cap w/ $4mill debt convertible note, only USD$2.5mill cash in September means they're close to raising again.
All while burning over USD$10million per annum?
What a absolute shit show.
They have negative Net Tangible Assets @ 30 June 2023.
The contracts that they have signed have no minimum payments and are subject to milestones achieved a.k.a. no loss for the larger company if it doesn't come off.
In saying all this, this is well outside my area of competence in Healthcare so DYOR
