Ann: PointsBet Group CFO Transition, page-4

well lets see the CR details first.
that will give us a great insight into their ability to deliver on the much more basic and established Australian business.

how much cash burn is the business dealing with now ?

if they want to return 39c per share back to investors that will be approx. 124.4m AUD.

theyve got 50m USD coming from FBG and a further 20m USD sitting in the US account. thats 104m AUd.

they had 55m AUD as of 30/9 in Aus accounts.

thats 159m

so that means theyve got 35.4m cash to work with.
theyd want to keep 20m at least for ongoing working capital.

so the big test of mgt will be. for the 6 months 30/9/23 to 31/3/24. have they been able to keep the business going strong while keeping cash outlay to under 15m ?????

big test and if that fails. then for sure. time to get rid of them all.
but thats hard since they own a huge amount of stock