Little did we know that when Olsen put this down in the 4C presentation that he meant a capital raise
Expected to materially improve to cashflow positiveduring Q4 FY24 and into FY25
By my calcs, FYTD Mar24 receipts from customers is $4.1m and funds from capital raise is $3.2m.........I mean after all that bluster about working with multi billion dollar companies and TAM being in the billions not to mention ARR should be USD20m, what is continue to see is Olsen tapping the market every 3 months for money.......as someone said, all his friends plus all the employees pitching in at 12c & 8c must be feeling the same as we do......getting gut punched by Olsen putting out the donation bowl again while getting paid $400k pa
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