Read the Activities update ....
What I get from this is that cash receipts for the next quarter (Q3) will be upto $450k lower than current due to the timing between invoice and cash receipt.
Current loss for Q2 is $538. Using that as a base and the decrease in cash receipts for Q3 (about $450k) I can see a cash outflow nearing the $1m mark. Giving them (Mgmt) some credit for new partners, current partner increase in sales etc I will make a call now and say that Q3 cashflow will be a loss of about $800-$850k.
With $2.2m in the bank I can see another capital raise by Q1 2019.
Just my thoughts ... DYOR
Read the Activities update ....What I get from this is that cash...
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