So... cash on hand end of June = 2m, BB has gotten quarterly operating costs down to approx 1.3m (by shedding a bunch of staff - I hope they weren't too important, and by delaying quarterly 250k repayments on debt), so we can roughly estimate 0.7m cash on hand end of Sept. Plus 0.8m from R&D tax incentive equals 1.5m. I'm not adding any sales or other payments because if they were significant BB would have used the news to stem the price crash.
Net financial position of -0.1m end of June, should be around -0.6m end of Sept with 1.5m in the bank
-today-
minus 1.38m for repayment of share placement facility results in approximately no money in the bank, net financial position of -2.1m
since I started typing the price has dropped another 20% and is nearing the share offer value
I'm keen to hear other people's analysis but be careful out there - don't get trampled in the rush to take up this offer
So... cash on hand end of June = 2m, BB has gotten quarterly...
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| Open | High | Low | Value | Volume |
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|---|---|---|
| 4 | 486857 | 1.4¢ |
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| Price($) | Vol. | No. |
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| 1.5¢ | 702681 | 1 |
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