I watched an old youtube with that Alan guys talking to our CEO or MD or some Board guy re the $1.20 to 1 cent and now 10 cents..... the Lumos guy said 'for an ASX company, the min burn rates is $1 mill a month, and we got down to that, so we are all sweet on that front'
So FMB, the burn rate will be steady at 900k to $1mill a month until they end up with more revenue... simple as that
The 1.5 mill per q revenue really is the correct thing to do... the IP cannot be revenue all at once, if the IP covers a forward period of time. Why they chose 1.5 mill a q, who knows. I hope not trickiness. They could have chosen NIL and kept it as an asset only (the cash). Or they could have done $1 mill a q for 10 q's or 500k a q for 20 q's.
I liked how they did it. I just dont like what is happening, on the revenue side, aside from that.
Question to ponder... 'why did they not sell any FebriDx'
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-56
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7.3¢ |
Change
0.006(8.96%) |
Mkt cap ! $54.64M |
Open | High | Low | Value | Volume |
6.8¢ | 7.5¢ | 6.8¢ | $874.7K | 11.97M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 300000 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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7.3¢ | 61016 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 300000 | 0.072 |
6 | 405951 | 0.071 |
4 | 880000 | 0.070 |
4 | 262000 | 0.069 |
6 | 1838000 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.073 | 61016 | 1 |
0.074 | 178182 | 3 |
0.075 | 1357494 | 4 |
0.076 | 430228 | 7 |
0.077 | 641000 | 9 |
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