At last quarterly they had 4.1qtrs of funding left at a burn rate of $1.5 in the qtr.
Assuming they had same baseline burn rate (last imec payment) PLUS the new US$1.5m payment to infinenon (that's AU$3.8m in the qtr) they're down to AAu$2.4 left.
So when you do your quarterly, you divide the cash remaining by the previous QTR expenditure. They will have to report 0.63 qtrs left in the next quarterly activities report.
sure expenditure will slow next qtr with Infineon at about AU$0.93m a qtr and salaries of $240 or so a qtr.
But it's still works out well under 2 qtrs left.
So absolutely need a CR.
They'll needed it sorted before the qtrly comes out otherwise there's no explanation against the 0.63 number... Which to outsiders is pretty bleak.
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