He did say about $12 min maybe a bit more, very confusing indeed.
From the last quarterly report,
Cash held and cash equivalents:
$12.4 million, maybe that’s what David is remembering…
Further down the report states:
Cash held and cash equivalents:$8,246 million….
Let’s not forget the capital raised in April/May:
This brings the total funds raised under the Placement and SPP to approximately $22.5 million!
So how can the cash balance only be $12-13mil at the end of this quarter??
Apologies if my screenshots are out of sequence. I wrote this post using my phone. I may have misunderstood the report so any comments will be appreciated.
GLAH
RBR
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