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So min stock on hand 6 mill at $453 is 13,000 units in stock.Gee...

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Teddyward

9,199 Posts.

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31/01/22

09:54

Post #: 59232807
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Originally posted by danw1989: ↑

Disappointed in both numbers and lack of an operational update.

Looking at the last 6 months, $5.5m cash burnt including the capitalised costs. Remove half of the R&D credit given we are only looking at half a year and the cash burnt becomes $6.4m. That's almost exactly what they have in the bank.

Unless there's a major upswing in sales very soon (which I'm not confident on given the small cash outflows on the prepaid manufacturing cost side) they will be raising cash again before June?

Also i think the stock on hand comment is very misleading - providing a value of the stock if they were to sell at the current ASP. This isn't how you value inventory.

Really hoping for a thorough update tomorrow. If they stick to what's in this deck and skirt around some of the major issues, I think I'm out...

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So min stock on hand 6 mill at $453 is 13,000 units in stock.

Gee I wonder if stock in best buys if it is on spec is included? Cash flow only tells part of the story commentary can be misleading.

Just how big is a manufacturing batch run ?

What was the urgency of the raising for to drop on holders at IMO worst time of year

Last edited by Teddyward: 31/01/22

NUH Price at posting: 1.6¢ Sentiment: None Disclosure: Held
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