It was 3 mill at end of Sept - current cash burn is 2.2 mill, + 2.4 mill from R&D fund.
so end of dec we'd have roughly 3.4 Mill - end of march potentially a million.
I don't see why we didn't hold off Credit Raising - till end of Feb where if the below cam to fruition we'd be much more than 2c and potentially options would be exercised.
Design Freeze tick Vidcare potentially tick Other anteo X deals tick.
Sounds bloody stupid - David would have to have a good reason otherwise your going to have shareholders coming to the AGM with Sticks and pitch forks.
Sounds negative but potentially Mercedes has said no or have delayed - most likely the case with delays with other opportunities.
I can't see any positives unless David can reveal a compelling reason.
Cheers M.oz
ADO Price at posting:
2.7¢ Sentiment: None Disclosure: Held
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