So cash at bank $1.465 mil
R&D expected receipts $750k
quarterly cash burn $653k
ALT will run out of cash in 3 quarters - based on the past performance of management there will be a capital raising in 2 quarters time...?
ALT did however manage to sell 37 Pericoach's over the quarter and only need to increase sales to around 220 per quarter to meet current expenses - a 715% increase in sales.
Does anyone see any good news in this 4C?
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Ann: Appendix 4C - quarterly, page-4
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