They will always expect to continue operating. However the issue still stands - they need cashflow to make it to the end of the Hologic deal just to get the final $5Million payment now.
They projected end of year completion. If they havent raised funds or utilised every penny until then, they need a cap raise or go bust by August.
Note the yellow column. The cash on hand even with a substantially increased product revenue for Q3 (next quarter) doubles the PCP and we have the average services revenue (nothing indicated to increase) AND expenses remain flat, they need a raise August/September 2024 to continue operations.
Ann: Hologic Development Agreement Expanded Scope of Works, page-4
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Last
2.8¢ |
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Mkt cap ! $20.95M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 3.0¢ | 2.7¢ | $51.65K | 1.829M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 308289 | 2.7¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 518837 | 4 |
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