I watched an old youtube with that Alan guys talking to our CEO or MD or some Board guy re the $1.20 to 1 cent and now 10 cents..... the Lumos guy said 'for an ASX company, the min burn rates is $1 mill a month, and we got down to that, so we are all sweet on that front'
So FMB, the burn rate will be steady at 900k to $1mill a month until they end up with more revenue... simple as that
The 1.5 mill per q revenue really is the correct thing to do... the IP cannot be revenue all at once, if the IP covers a forward period of time. Why they chose 1.5 mill a q, who knows. I hope not trickiness. They could have chosen NIL and kept it as an asset only (the cash). Or they could have done $1 mill a q for 10 q's or 500k a q for 20 q's.
I liked how they did it. I just dont like what is happening, on the revenue side, aside from that.
Question to ponder... 'why did they not sell any FebriDx'
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I watched an old youtube with that Alan guys talking to our CEO...
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