@Eqz I don’t think one quarter will be an issue on a revenue basis more so if they are failing to progress internationally and are burning a lot of cash which would trigger a near term raise. If you look at it on a half on half basis they’re still ahead.
Still here invested for the long term international expansion strategy. The distributor partnership method is lower risk for them than a dedicated sales team, it’s really just about take up now and accelerating revenue in the next 12 months.
@Gg5213 correct me if I’m wrong but that number includes working capital as well. Remember they raised $8.5m via placement last year and I think this is contributing to overall use of funds.
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