The report is for the period up to 30 June 2020, this is complicated and confused by the discussion about the events that occured after the 30th of June ie the merger and appointment/ renumeration of the new directors.The fincial report is specifically for the BD1 entity as at the 30th of June and the cash position, the number of shares on issue and the other data are also for the pre merger comany. and example of this is the number od shares on issue in the finacial report is 1.36 Billion (page 36 and 39) vs 2.4 Billion (page 47) in the merged entity.
Thats my reading of the report, hope is helps. $10-11 million in cash is a much better position than $7 million with the current burn rate.
Wild
BD1 Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
