They burn through on average 10 million a year, Losing about $2.5 mill a quarter. This capraise, if it is even fully accepted which is very unlikely, is only buying them another year. Whats going to be different in this next year?
They did a capraise for $20 mill in 2020, then did another one for $10 mill in April last year, already blown through it , doing another one now for $10 mill, but somehow this is the last one?
All those raisings are over 70% down in just a couple of years.
What you have here is a company that is good for management who can keep paying themselves, bad for shareholders who get no return, you need to be objective here to the reality of whats happening.
OSL Price at posting:
1.2¢ Sentiment: Hold Disclosure: Not Held
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