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?
ALT Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
