At the end of Dec they had $6.86 mill. Any who took part in the...

At the end of Dec they had $6.86 mill. Any who took part in the last cr are 66% down massively from the then offer price of 0.021c.

Obviously that cash figure is lower by now but just by how much is yet to be disclosed.

As far as not as bad as it seems - actually, it is. Expectations of revenue has been further delayed despite assurances that there will be sales by the end of this current Q - that itself has already been 'delayed' from such expectation by the end of last Q. Now revenue is yet again delayed to who knows when for sure - maybe next year??

So whilst they may currently have some cash (and as for amounts for liabilities?) - a lot more cash will burn before any revenue flows - may yet need another cr - imagine the dilution if another $7-8mill was to be raised at lower than current sp - given that it is customary to give discounts to sophs - who would be currently spewing, having forked out 2.1c for participating in the last recent cr.

Then the issue of a margin call - not aware of such occurrence with any other company management - very poor form and a very bad reflection on management. But of course as shares change hands at such low levels, it'll perhaps be a goldmine for those buying with time passing.