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01/02/24
09:39
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Originally posted by simonjai:
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Kind of sad to read that one of the quarterly highlights is receiving $2.2M of our taxpayers' hard earned money, which disappeared as fast as it came. The amount of money this company has burned through is STAGGERING to say the least, and judging by the 0.26 quarters left of funding, they are really struggling to raise capital. I too believed the company and the technology in the past, but seeing it from the other side really opens up your eyes. I really hope for the shareholders' sake that revenue does come in from Bearn, otherwise it really feels like it's the end of the line. Good luck to the shareholders.
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Unbelievable, well maybe not from this lot, of course, no mention whatsoever of Changlin, aside from a listing in the partners presentation slide. Will we see anything from ASX on the very obvious going concern exposure ?