no way. Hence the trading halt and recapitalisation. they are losing over $2m a month, which means the cash balance is probably less than $1m as of right now.
Glad to see they didn't spend the $15m projected. Shows some common sense. poor adapt results indeed.
I wouldn't read too much into the non dilutive stuff, we've all heard that before!!
Ann: Appendix 4C - quarterly, page-12
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$9.99 |
Change
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Mkt cap ! $211.1M | |||
| Open | High | Low | Value | Volume |
| $10.50 | $10.79 | $9.30 | $1.477M | 149.3K |
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| No. | Vol. | Price($) |
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| 1 | 2000 | $9.70 |
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| Price($) | Vol. | No. |
|---|---|---|
| $9.99 | 1999 | 1 |
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