They had $6,116,000 in cash at 30 June with a projected outflow of $2,670,000 in total for the Sept quarter, then reverting to approx $633k per month burn rate.
So enough to get them through to probably mid 2020, allowing for another R&D handout from we taxpayers....
The're going to have to get SOME runs on the board, and by that i mean revenue, otherwise they will need to do a mega con, i mean, sales job to the markets for a placement of new capital as i can't see the existing holders stumping up for them.
Sorry, I shouldn't speak for others....... I WON'T BE TAKING UP ANY FUTURE BLG SPP OFFERS UNTIL THERE IS A CONSISTENT REVENUE STREAM......
So based on historical performance, that means never again.
BLG Price at posting:
12.0¢ Sentiment: None Disclosure: Held
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