THey received $464k in the December Qtr and spent $2.3m doing so. The $400,000 in R&D rebate won’t go far and at the moment the second quarter is a long time away given the company’s lack of funding. They would be separate for a fund raising but i just don’t know what sort of money they could raise down here.
The situation is dire and the management really have steered this company to a disastrous situation .
Ann: Appendix 4E and Preliminary Final Report, page-6
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