i am a fan of this company and have been following for a while, but i too am also a bit confused about their capital management strategy.
as an approximate guide lets say they are burning $2m per quarter (going off their quarterly reports), and they only had ~$700k left at the end of last quarter and after costs from the raise they probably pocketed $2.1m, so at the start of this quarter they had approx $2.8m
which means at the end of this quarter they may only have ~$800k remaining which will mean another raise is only just around the corner?
does this logic seem right to you guys? happy to be corrected or hear anyones thoughts
EMD Price at posting:
5.8¢ Sentiment: Hold Disclosure: Not Held
