WHK 6.25% 1.5¢ whitehawk limited

Ann: Half Yearly Report and Accounts, page-2

  1. 5,115 Posts.
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    I really want this firm to succeed, however a concern is:

    "WhiteHawk ends the first half of 2018 with cash and accounts receivables total of US$1.5M. WhiteHawk will continue to streamline operations achieving projected minimum funding requirements for the remainder of the year of US$211K per month on average, excluding product and manufacturing costs which are directly dependent on revenue".

    Now unless they do a CR (which I doubt many will participate in), or there is a massive increase in sales, then the potential to have no money is less than a year.
 
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