I am merely asking a question, all I see at the moment is another unsubstantiated overhead. Any extra overhead for a company without revenue is not helpful especially in the short term.
$2.6 million in the bank, $900k outgoing the last quarter, 2 new offices and employees to run on top this coming quarter will tak outgoings to $1.1-$1.2mill, giving approx 6 months of working capital. Companies never wait till the last minute to raise so expect a raise announced at the end of this quarter. How can the management team stop this sp tanking and give current holders value by not diluting our holdings at 1.7-1.8c per share?
Skorz
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- Ann: Quarterly Activities Report & Appendix 4C-TV2.AX
Ann: Quarterly Activities Report & Appendix 4C-TV2.AX, page-313
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