Lets see how DL performed with the forecasts, for the last couple of quarters:
Dec qtr: Estimate $195k Actual $421k
Mar qtr: Estimate $100k Actual $164k
Forecast cash outflows for the next three months
R&D $25k - last quarter the forecast was $25k but actual ended up being $40k, the quarter before forecast was $30k, ended up being $$77k
Admin $40k: that's $13k per month less $3,889 for the factory rent leaves $9,444 per month for:
- the serviced office,
- the R&D consultants negotiations with Ausindustry and ATO
- director consulting fees (they took $46k last quarter)
- continuing investigations by ASX and ASIC, might be some legal fees there.
- company secretarial and accounting services including preparation of the Appendix 4C just released, preparation of the AGM documentation which is supposedly to be held 28 June, updated Corporate Governance Plan and documentation to be lodged by 11 May.
- and the discussions re the several opportunities for licensing the technology which are underway per DL.
Given there is only $68k in the bank, might just have to sell those shares that the company says are worth $71k. Perhaps the company should advise the market which companies they are.
LWP Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held
