OLV otherlevels holdings limited

Ann: Appendix 4C - quarterly, page-4

  1. 2,558 Posts.
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    At current burn rate they have just under 4 months to do a CR. The increase in revenue will buy them some more time, but I don't believe it will be enough to get them cash flow positive before they run out of cash. Hopefully they will just do a small placement to the initial backers and that will tie them over until they go cash flow positive later in the year. Have a look at how DUB did its placement last November, worked out well for them and they never even got close to dropping to the placement price. Hopefully OLV can do something similar.
 
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