Q4 has $78m cash, Q1 has $62m cash, three months has burned $16m cash. Q2 revenue $2.14m; R&D $580k; Product and operation cost $1.28M; however staff costs $6.5m and admin costs $7.3m. This management team treat Nvx as an ATM, so sad for Nvx shareholders.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2
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