I think the additional sale of Arc Active shares on top of this announcement means that they probably have enough cash for 6+ months and maybe more if as you say they continue to cut costs.
That does mean they can focus on trying to create value from the rest of the portfolio, because they really still don't have the funds to be investing too much into new projects at this stage.
All of the issues they have / are facing were pretty obvious from the start, amazing how unrealistic management and the board were - should never of listed in my view.
PVL Price at posting:
38.0¢ Sentiment: Hold Disclosure: Not Held
