Ah, sorry @zebster. I missed that when I read your post.I've...

Ah, sorry @zebster. I missed that when I read your post.

I've been doing some calc's on the following point that you made:

"Yes, I know about the announced and repeated $3M pa cost savings initiative. But this quarterly shows that it's yet to fully materialise. The bigger picture, however, is think about just how meaningful that amount is when you look at the historical yoy annual cash burn. In short: $3M pa is a start, but it's hopelessly inadequate if the company expects to continue to remain solvent over the next 12-24 months, or however long the downturn lasts."

By my calc's, the annual $3M in cost savings = $750k/qtr = an additional 2.25 weeks of funding at the current cash burn rate. Does that sound about right to you?

Just looking at your numbers, I reckon I could push your 6-7 weeks of remaining cash out another week. That's it. Eek.

RBR, I hope your magical rabbit shows its head real soon.