Quarterly report showed 8.6m cash after receiving the Varex money with a burn of 2.6 per quarter. So they should be good for at least 6 months without a raise. If they can get sales before then, no raise will be needed. Staff costs are still the biggest leak in the boat - particularly board and key staff on ridiculous remuneration. Anyone know if Peter Rowland got a large farewell package?
What are others thoughts? What are the chances they'll get sales? Thinking the biggest risk to the SP is a raise.
Ann: MX1 - Argus Successful Field Testing, page-28
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