I don’t think you’ve understood that section of the report.. There is nothing misleading..
Item 8.1 is how much net cash the company used in the quarter think of it as “expenditure” it has nothing to do with capital raised, only capital spent..
But yes circa 2.7m in net cash used per quarter is a significant amount when you’re trying to raise 9m.. Its a hard sell with the staff and admin costs making up the majority of the expenditure.. Which is likely why the recent announcements around extensions and shortfall commitments have been released..
I don’t buy into the negative bashing of the company, so my post is merely a statement of facts and not an endorsement of your sentiment..
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