Fairly dismal! over half a million in expenses under the following categories over the first six months
- Directors fees (44,571)
- Contractor fees (162,683)
- Employee Expenses (292,123)
Resulting in half year revenues of 166,382
Spending $4.50 on employees for each $1 of revenue isn't a good look.
Management need to actually get some contracts signed. Looks like further dilution is a certainty with no announcements of material revenue and less than a quarter of cash in the bank.
Fairly dismal! over half a million in expenses under the...
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