9 months is clearly not indicative of how long cash will last. surely everyone knows that if you read all the financial statements in the quarterly
it's not a joke / con. they had no option. the form required that the number to go in that box has to be equal to cash at end of quarter divided by net cash outgo in the previous quarter - even if it results in a stupid number
I suspect you know that but just in case:
- during last quarter ADN received a refund of $1.55m from the ATO, which had the effect of reducing the net outflow over the last quarter. this won't be repeated. it had the effect of artificially increasing the expected period (according to the required formula ) that the cash will last
- cash outflow will increase next quarter and beyond to purchase equipment
yes more funding is required. and again everyone knows that.
9 months is clearly not indicative of how long cash will last....
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