Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-32

First 32 Last

Share
Profile

Follow
_5had0w_

2,371 Posts.

262

30/07/21

20:32

Post #: 54919296
Share

Originally posted by Xistre: ↑

My concerns are similar to any tech company that hasn't yet generated sufficient revenues or profits. High ongoing expenditure, commercialised tech.

The truck/tech has had issues in the past, so its good to see it out and building now. There's also a lot of obstacles mentioned previously about building regulations but the fact they've built two structures already helps to quel those issues.

The current agreements are quite small in nature and are really there as a proof of concept. They need to get to the stage where the trucks and tech becomes commercial viable not just from a capex perspective but also operationally in the field.

i do have concerns about management as well as this the Pivacs first foray into the listed space and some of the decisions have been questionable.

Overall the tech is a great idea and I hope it succeeds.For audit purposes, they would like to see 12 months of cash to cover expenses from the date of signing the full financial accounts. Since FBR doesn't generate enough revenues to cover costs, they will need external funding until this occurs.

The loan was to help bring that cash forward since they knew they were going to receive and R&D refund.

Directors are required to keep a company solvent, and in the event they become aware they can't, then they would become insolvent (requirements per the corporations act).

Expand

What would it take for FBR to have you buy in?

FBR Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

What's causing the cost-of-living crisis, and how to navigate it

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war