Hahahahahahahaha
"...the revenue ramp up has been slower than expected..."
Up only 5% versus prior quarter, and their revenue of $1.4M is only 43% of their staff/admin/corp costs of $3.3M.
"The increase in staff costs does not reflect an increase in headcount", i.e. the reason they're up $791K versus prior is because they paid everyone bonuses. Back to only 1 year of cash runway left. Rinse and repeat, this guy has been doing it for years, he's an expert.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3
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| Open | High | Low | Value | Volume |
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