You are correct. I didnt see that. So IntelliHR has received a $1.2 million R & D credit that will be recognised in the current quarter. That effectively gives $2.9 current cash. Cash outflow has been improving ($1.45 million in the current quarter and $2.25 million in the previous quarter). My point is with this improvement, and effectively $2.9 million current cash, IntelliHR is getting close to having enough cash. They would need a small loan or capital raise to keep them going until they get cashflow positive (perhaps $3 million). Do your own research I believe that selling to Humanforce is premature - they are acquiring intelliHR at a vulnerable time - and the best option for shareholders is not to accept the acquisition.
IHR Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
