Very good questions raised in the meeting today. Thank you to those that asked them.
What I really liked hearing was the confidence that came from TK when discussing whether there will be a need for a CR in the future. He sounded very confident that with the cash in the bank (plus FY20 & FY21 R&D rebates) we'd be set right through to receiving material revenue.
As shareholders are unaware of discussions that are happening in the back ground, I think TK was hinting that he expects to lock down enough contracts and deals by mid next year (I.e. 1 to 2 quarters before they run out of cash and need to start looking at a CR to stay afloat) to become operating cashflow neutral at worst.
IMO. DYOR.
Ann: Annual General Meeting Presentation, page-3
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #