Guided down to 50 mill revenue with 20 mill cash burn at the...

Guided down to 50 mill revenue with 20 mill cash burn at the least lol. What a shocker. Infact its the worst year since merger in 2017.

Its at suspension risk now. With 4 mill cash, enough for 1 quarter, without ic payments its toast. The asx will be watching very closely.

With ic payments its still in trouble as that money is needed for ic itself.

Im guessing admin within a year. MABR is nothing. 17 yr old tech. The rest of the business is a severely crowded market. They have nothing special. Smoke n mirrors. Slim margins if any, very long lead times, red tape galore.

Its far from what emefcy told the market in 2016. 100000 module sale mou's lol. Maybe next quarter.