Seems like worst case is base case now.. mediocre at best 4c and no dumping of shares.. very interesting-- would have expected an enormous offloading of shares with cash burn accelerating since last Q. Especially given that expectation was materially lower expenses (-4M pa)... assuming news was already leaked weeks ago that -4M was not happening..
Maybe a little risk-on returning to the market with higher valuation weighting to revenue growth vs FCF...??
Comments re secured funding will be extremely beneficial to the SP.
Voorma has laid out his first report to market leagues better than Dean-- his experience is very clear.. feel much more comfortable with this man as commander in chief;
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-8
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