How would involvement from a Venture capitalists or Private equity group look for Paradigm, page-28

Try this on for size wazza and then I think you will agree with @marykegeorge!
So in late October, from their quarterly release they stated they had spent $21.9m for the qtr (Sept qtr finish) after telling people in the market that it would be $16m ish. That quarterly statement also said a cash balance of $33.6m for Sept qte end

Then they did a capital raise at .43c, raising $30m (late Nov).. All the while telling people they were funded through mid 2025 and also guiding the Dec quarter spend to be about $8m....

You wanna guess what they spent in the Dec quarter???? Answer = $27m big ones, more than 3x the amount they had guided.

So marykegeorge is right on the money when sayin the management (and you shareholders) have no f$%&ing idea.