They haven't blatantly lied, but it still stinks. Their actual burn this quarter was -$16.9m - the $11.1m received from the R&D rebate = total burn of $28.15m (it was $16.8m last quarter!).
If they maintain this level of spend, they'll be out of cash before the end of August. This is despite telling holders that the shoddy deal with Susquehanna will see them through to the "end of 2025".
Where is ASIC?
IMU Price at posting:
2.4¢ Sentiment: Sell Disclosure: Not Held
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