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23.0¢ dragontail systems limited

math make sense. there could be upside risk to the burn number...

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IntelligentBeta

134 Posts.

25/10/17

00:16

Post #: 28164951
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Originally posted by SeekingAlfa ↑

I don't think that cash will be enough unless something drastic occurs...

-The estimated cash outflows go from $843K at 30 June to $1.482 million estimated for 30 September.
-Revenue projections are sketchy at best.
-So, cash burn is like $1.5MM a quarter and growing. Likely up to $2MM a quarter is the current expense growth occurs. If they control costs, they will have consumed much of this money in little over a year.

GLTA.

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math make sense. there could be upside risk to the burn number because they are also in the hardware business.

DTS Price at posting: 25.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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