so they have basically $8 mill and burnt $3.4 mill last quarter. They will run out of money around May next year at the current burn rate or by end of June at best. Very unlikely they will grow revenue that exceeds their cost in under 12 months, so a capital raising required during H1. In the impending recession.
As if the pool of shares wasn't big enough, dilution here we come.....
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so they have basically $8 mill and burnt $3.4 mill last quarter....
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