This also points to some timing. They're out of cash in less than half a year, yet confident that this is not an issue based on demos. It follows that they expect demos to be successfully received by the market and lead to either a sale / takeover or ability to raise funds (debt or share issue). As I've said before, IMHO a sale is less likely than debt funding and I would also suggest that debt funding is more likely than a share issue.
I read this announcement quite positively. It's murky as we've come to expect but I think the fundamentals add up nicely or are fraudulent (which I don't believe).
I think the expected knee-jerk share price drop represent some good buying for those with the cash to spend.
DYOR etc
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
This also points to some timing. They're out of cash in less...
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