Is it possible to know how they are going to spend the balance cash (their 2.1M cash left) in upcoming quarter??? They said in this report they would spend 1.5 millions within upcoming 3 months, but this amount looks very huge for such small company. I expect more detailed explanation from the management team, otherwise it looks like a fraud - they just move the money from the company bank account to their private account explaining this by various points like "development & research". But what does this means, if they already has a point like "Staff costs" - it is what they pay for programmers. Budget looks bloated!!!!!!
TIME TO SOUND THE ALARM TO ALL SHAREHOLDERS!!!
TYM Price at posting:
7.7¢ Sentiment: Sell Disclosure: Held
