That's what I've been saying all along.
Cash runway is key to sustaining the business. Only 3 quarters is llke a plane coming into land on half a runway... It's bleeding cash.
Another capital call with LDA is very possible without this and no revenue, the ship will start to sink. More dilution. More Cash burn. More shares sold. Lower Share price. What next??
Start up tech companies PRIORITY should be on reinvesting funds into the business and not in rewarding directors exorbitant salaries.
I think most non holders will watch and wait. Fools rush in. Also I believe the market cap does not justify the performance of the company and it has much more to fall.
That's what I've been saying all along.Cash runway is key to...
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Last
19.0¢ |
Change
-0.015(7.32%) |
Mkt cap ! $352.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 18.5¢ | $2.469M | 12.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 77 | 3220129 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 57511 | 2 |
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| BRN (ASX) Chart |