Hi Minoil,If we just go by the last quarterly, we need Receipt...

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Rossi70

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03/01/24

19:47

Post #: 71714824
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Originally posted by minoil: ↑

Around 3 weeks until the anticipated quarterly. It'll be nice to see a CF+ report ( which will include a small R&D rebate). I'm somewhat optimistic given (1), Ben snared a bit of stock, right on Xmas, and (2), the capital raise mentioned in the last quarterly appears to have been deferred.
Hopefully lessons have been learnt from past raises, I'd suggest the board are very reluctant to do a rights issue given how destructive it would be and the funding facility in place isn't efficient at low share prices and volumes.
The impression I get is not a desperation to raise, merely to have a cash back up given that revenue is " lumpy" and may not meet fixed cost demands on occasions.
A good report will ease concerns but will also have the spotlight on management to structure any potential funding very carefully.
There's been a lot of false starts, with the frustration built into the current price....again, we await...

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Hi Minoil,

If we just go by the last quarterly, we need Receipt from customers, to be around 518K, to break even (According to Section 1).

I have included, the UK R&D rebate of 320K.

So time will tell if we can break the 1 Million dollars + from Receipt of customers.

In relation to our share price, suspect the market as factored in, that we will unlikely reach 1 million + in sales and that why our share price is where it is today.

Hopefully their will not be any further raise's, at these prices, any time soon.

IMHO.

Regards

Rossi70

SIS Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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