people who are still saying we have only three quarters of cash...

people who are still saying we have only three quarters of cash runway obvious are either honestly misinterputed the last 4c, or deliberately trying to spre
ad fear with misleading statement.

last quarter cash outflow was 6.1m, there were a few one off and yearly payments done, and normal quarterly operating cash outflow excluding these payments should be around $4m, We have 17.7+12.2=29.9m cash in hand after we completed lda capital call in April. That is 6-7 quarter cash runway!



i have asked Tony back in end of April regarding any plan for further capital raise. And the reply was as follow:


so yes, there will be another capital call by the end of this year for another $2.8m (minimum) since the 2023 total obligation is to raise $15m, and we have done $12.2m so far. I hope this post could set the record straight so that people do not get misled again. If you think a futher $2.8m capital call with LDA is going to be a disaster to the share price by the end of year, do what you have to do.