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222 Posts.

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27/09/17

21:50

Post #: 27502617
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Originally posted by TheOneInTheKnow ↑

is anyone aware of what profit margin they are running on? Looking at their cash burn rate it would need to be substantial. For this to be a 10 0r 20c stock which I get the feeling many are anticipating (hoping for) their margins will need to be considerably higher than my estimations.
When I look at this further dilution, the cash burn rate and the need to repay the recent 1.5 mill loan I can see another placement being required early 2018 unless either some mighty orders come in very soon or I am seriously underestimating their margins.

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Can you explain why this further dilution will impact on them needing to do another raise in early 2018? unless some mighty orders?? 2m of purchase orders ine one quarter aren't enough?

CIO Price at posting: 3.4¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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