Management have prepared cash flow projections for the period up to 28 February 2024 that support the Group’s ability to continue as a going concern. These cash flows assume the Group will incur net operating cash outflows, as it continues to invest in the research, development and commercialisation of its technology and that the Group maintains expenditures in line with available funding. Sufficient cash reserves are forecast to be maintained during the forecast period. These sufficient cash reserves are reliant on the exercise of options held by current and past employees, Director’s, suppliers and investors which are due to expire within the period.
That is a big loss. They desperately need a sales contract.... or two.
EIQ Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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