No they have raised $1.2 million via the convertible note in April, which buys some time. What a pipeline of $9 million in "qualified opportunities" over the rest of 2019 means is anyone's guess. Not actual orders, but potential leads I guess. If they actually sold that amount they are fine.
However, the previous quarterly said they had $7.5 million in sales orders to "prosecute and realise" over the rest of the FINANCIAL year. The likelihood of getting $7 million this quarter is nil so I am utterly unclear as to the status of these potential sales.
VIV Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
