Pretty ballsy that they are predicting bigger outgoings next quarter (8.8M). I wonder why "administration and corporate costs" are rising from ~$3M to $4M. This seems like a lot, especially for a company that's bringing in less than $1M/quarter.
Given their huge cash balance they still have a runway but it's surprising how short it is. This seems consistent with the view that they more or less are building their tech 'on the hop'. I find it hard to believe that they are worth over 25x revenues long term even if they manage to not run out of runway, but we'll see.
GSW Price at posting:
54.0¢ Sentiment: Sell Disclosure: Not Held
