More than 10 million cash spent over last year and no growth....

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    More than 10 million cash spent over last year and no growth. Looks like that the company's assets are just being bled dry. The company has around 4 years left with its current cash reserves.

    Now, the company has lets say just under 4 years with current cash reserves, the company needs a revenue increase of 88% increase per year minimum. The company achieved zero revenue growth over the previous year. Doesn't look good and it's probably one of the riskiest companies. Cash burn roughly 2.5m per quarter means this business will trade around cash value until cash either hits $0 or until 1PG can prove up its revenue.
    Last edited by Invesorys: 30/09/16
 
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