This company needs to actually make some sales, no direct competition, but how come they are making $79k in sales a quarter, whilst spending millions per quarter, so they spend on average around $3.5 mill to bring in under 100k in sales! Is that sustainable?
They raised $5.3 mill in May and already needed to raise again now $7 mill , just 5 months later.
So what has this $12.3 million achieved? Well its getting management paid nice salaries, but has sales increased? No they are actually decreasing and they are burning through $3.5 million a quarter.
OSL Price at posting:
1.0¢ Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)