Ann: mobileDen releases Connect loyalty App and re-signs Mad Mex, page-11

I hold and I'm a fan of the company but I'd be interested to hear where you think the cash for the next 2-3 quarters will come from? At the end of the March qtr they had $2.1m and they spent $1m that quarter, so my estimate for current cash is $1m to $1.2m.

Revenue is increasing and costs are coming down, but I suspect they'll need to find some sort of funding by September or October at the latest. That's why the share price is where it is: the market is expecting a capital raising.

I still believe the risk/reward trade-off is worth an investment considering the tiny market cap and increasing/recurring revenue, but a capital raising is a real threat. If they get backing for a few mil above the current SP or a temporary loan that would be a great result.