The bottom line here with FIJ is that in order to avoid numerous cap raisings they need to have a revenue stream of at least $6m per annum just to break even. Currently, at $300k a quarter, there needs to be a decent increase.
At current sales, they need to increase them 4 fold.
With Chemist Warehouse stumping up $ for equity and another cap raise on its way, it needs $
They appear to be heading in the right direction, but with cash burn the way it is, there are likely to be many more Cap raisings.
Just the way I see it.
Out of FIJ for the time being, but continuing to watch
Ann: Appendix 4C - Quarterly Activity and Cashflow Statement, page-6
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