So hopefully with growing sales and falling cash burn, it should have something pushing $2 million cash in the bank after the raise and existing balances (no cash outlay on deal, offsetting monies owed on the balance sheet - reducing receivables and adding to assets)
It now has more control over its main costs bringing them in house and vertically integrating with its manufacturing.
The original raise and acquisition was a bit patchy without this information. I understand why, but whoever sold down to $0.125 recently may regret it. I am still baffled that they did not raise more, but we should get more insight with the coming Appendix 4C.
OSX Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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