I only accounted $500-$600k this quarter from the Bank, so expect another $800-$900k next quarter.
What makes you think they'll be burning $2m-$2.5m next quarter? That would be a record cash burn - the most they've burnt is last quarter, which i think was about $1.5m which included setting up the office in the UK.
Dont be surprised to see cash burn fall this quarter, i think it will.
Dont forget they raised over $5mil in November when they had $150k in the kitty.
Ann: Dubber chosen by Big 4 bank, page-290
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
