37m cash or equivalents 4.5m cash outflow. x 4 = 18 m burn pa. 2...

37m cash or equivalents

4.5m cash outflow. x 4 = 18 m burn pa.
2 years life left.

mc 26m.

if they should have been profitable by now? yes? but arent?

Then stop it.
Call an EGM, take the cash, and buy a gold mine.

Its going to look uglier in 12m time, with only 19m cash left.

The problem is that the top 20 are white knuckled, rusted onto the front of the train, and its heading to ravine. The bridge is out imo.