If you go by the last quarterly, they are burning around 2.2 million per quarter. The previous quarter gets padded out by the 1.4 million RD rebate.
The 8 weeks have gone by since the quarterly roughly they have spent 1.5 million. Maybe revenue of at best $500 000. at worst $200 000. By the end of the quarter, it will be 2.2 million gone, somewhere between 400 000 and 1 million back in revenue. They will be down below a million in cash reserves. By the end of April, that will be gone.
Surely, they must inform the market how they can trade. It was accountancy trickery that they avoided the 8.6 questions. The half yearly is due next week but they can easily use the line it is a report that looks at the past rather than address the immediate issue. It is time for some leadership and communication to shareholders.
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