Ann: Appendix 4C & Quarterly Activity Report - 31 March 2024, page-4

Glad they have to do quarterly reporting....long time coming given the cash burn
The decisions to halt spend on the US program and new device wreak of concern around cash. These two things might generate some upside, but now on hold. Poor investors left with what exactly?
There is no way they are going to try and string out their dwindling cash balance over the next 12 months. Get it wrong and they'll be insolvent
They need to raise, but on the back of what purpose? To fund working capital? Not much of a selling pitch. Market will know this and accordingly why would anyone buy on market at present. They'd have to raise at sub 40c and even then many would be too spooked to participate!!
Still a great product but this new Board and Management team have botched so much recently. Overspent and underdelivered!!