The board spill will coincide nicely with the 4th quarter results. I think this will largely determine the outcome. If cash receipts are anything below $800k (I.e. 100% QoQ increase), the current board have a weak argument given that there are no excuses for strong sales growth in the current quarter. Previous quarters have been littered with excuses for poor cash receipts. $18m yearly burn needs strong growth to justify the business continuing.
1PG Price at posting:
18.5¢ Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
