Any developing company is going to burn through cash to get established. The trick is to become cash flow positive before the dilution from cap raises becomes a problem. Our revenue has been patchy, however we have many projects on the verge of giving good revenues. The ongoing viability of the company is not in question, just the number of shares on issue before we become self sustaining.
This is why Cannifarms is so important to us. Not only will it be a commercial showroom, but also provide us with cash to hopefully prevent any more cap raises. We can expand it as cash allows.
- Forums
- ASX - By Stock
- Ann: Appendix 4D & Half Yearly Accounts and Report
Any developing company is going to burn through cash to get...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RGI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online