$1m outflow for the qtr leads to running out of cash within 12 months???
I am Amused!
$14m cash on hand divided by $1m equals 14 qtrs…more like 3.5 years at this run rate. That is, no improved revenue, none of the pipeline rebuild gets converted.
haha. Amusing indeed.
I can taste the saltiness of those tears.
ps. Good update. No promises, just rebuilding the right way.
Ann: Appendix 4C Quarterly (Q4 2022) and Business Update, page-9
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