gerg27 - in the notice dated 21 November 16:
"The reduced monthly cash expenditure in addition to the Company’s current cash balance and expected FY2016 R&D refund of $2 million (and expected similar amount in FY2017) should provide runway into Q3 FY2018 without the need to rely on capital markets. "
...... i.e. before revenue, we supposedly have 13 months runway.
I just don't see revenue coming quick enough and I suspect they will begin looking for cash by mid year to avoid solvency issues
Ann: Chairman's and CEO's AGM Address, page-6
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