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Another $ 1,47m cash burned in past 3 months, page-9

  1. SuzyP777
    11 Posts.
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    25/01/24
    10:27
    Post #: 72059335
    Wrong, the cash situation is worse.

    They have a minimum $1m cash holding Covenant with the Lender of the $5m Loan - Pure Asset Management. Refer page 19, 2023 Annual Report.

    At Dec 31, they had just $2.8m in cash, deduct the $1m covenant and they're left with just $1.8m.

    They burned $1.47m in the last quarter, the strongest quarter of the year when 50%+ of the total annual revenue and cashflow is generated.

    Cash burn for upcoming March quarter likely to be worse than - $1.47m of previous quarter.

    Out of cash this quarter.



    SPA Price at posting: 2.5¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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