Pray baby pray to the God almighty whenever the new CFO comes onboard they can balance the books.
I've been doing some homework to try and learn how the quarterly reports are made up. Let me know your thoughts on this.
No matter how you crunch the numbers when your cash and cash equivalents drop by 3.3m leaving 4.8m of usable cash, you certainly don't have a 6 quarter runway lol. As of September 30th.
Let me put this simply, usable cash dropped by 1.8m. Assuming the trend continues.
December quarter 3m remaining March quarter 1.2m remaining June quarter -0.6m remaining
In conclusion as of 30th of September the runway is certainly not 6 quarters IMO.
To free up more funds they would need to cancel the debt warehouse to be able to repatriate the first loss capital. Though you have some more free cash the revenue would obviously drop.
Thoughts?
Warmest regards,
PD
SPX Price at posting:
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