2018 FY revenue $624K up 32% from 2017 FY
2018 FY losses $3.66 mil down 16% from 2017 FY (almost exactly the amount of debt to equity conversion of what MF was owed being $750K) so no real decrease in losses
Tangible assets written down by $1 mil
Employment costs up by over $1 mil
IAM in 2018 FY reduced its cash balance by over $300K per month
The CR therefore assuming tranche 2 gets through, gives IAM another 8 months working capital on top of what they already had left
IAM Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
