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 .
IBX Price at posting:
8.2¢ Sentiment: Sell Disclosure: Not Held
