Facts are always appreciated HG
It is important to remember the 13 plus% was paid for via the share placement at 3 cents......without those funds MSP would have $573k in the bank enoough to get us through half the quarter ......
.......compare 4C and placement below......
Remember Ava's gross margin is 17% according to Bloomfied to at the AGM, regardless of massive sales growth will not be enough to offset the current cash burn rate per quarter currently sitting at around $900k - $1 mill.
Maintaining MSP's state of play will lead to further dilution through further placements. In effect every gain Ava makes will get pulled back by a placement (Up to 15% without shareholder approval).
Therefore my thinking is take the price now....spend fft's money in the bank......rather than have inevitable dilution and the price depreciation that goes with it...............the Ava sales run rate we would hope would be faster than the impact of dilution......but its increasingly a moot point.
All those who are thinking of holding on ...........analyse the cash burn rate and see if your happy with the outcome
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