EM1 has an office here in Australia and they have launched their product in over 150 countries but haven’t done so in Australia ever. Both EM1 and DOU share the same chairman.
4.6M burn is huge for a qtr (up from 2M burn previous qtr) and with less than 150k in cash recipes which is down from previous qtr there is only 2 qtrs left in the bank and that is if they keep the same cash receipt (which was down) and burn the same (which was up).
Going to need to shake that tin soon and the SPP was a flop, so will be interesting to see how they shake it this time.
EM1 has an office here in Australia and they have launched their...
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Mkt cap ! $3.246M | |||
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