Another capital raise will be needed very soon IMO. Cash and Receivables ($2.55m) minus Current Payables and Borrowings ($1.42m) Leaves $1.1m in cash on June 30th. Assuming the Cash Flow burn has reduced significantly (from $2.179) to say a burn of $1.0-$1.5m p.a. (may be even lower, with luck?), Some Product Development for Saas ($200k-$800k) leaves a few short months only before a raise is likely needed?
Best of luck to investors.
Another capital raise will be needed very soon IMO. Cash and...
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.382M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 387454 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 25000 | 1 |
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| Last trade - 16.12pm 21/06/2024 (20 minute delay) ? |
| DVL (ASX) Chart |
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