Based on the predicted spend for the current quarter being $900k and with $73k left at the end of the last quarter plus $300k from the Sophs investment they c0uld be out of cash by the end of this week by my calculations unless they have found anothyer Soph or some equipment to sell. Certainly surprised that the regulator has not queried them yet, any deals they may be trying to put together will be with their backs to the wall IMHO.
As the ex-CFO/ company secretary once said, "The Company has a very successful track record of raising funds as required"
There may still be some life in this old dog yet.
DYOR My thoughts and ramblings only
Based on the predicted spend for the current quarter being $900k...
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