Hi Daz, time for your lesson on how to read an ASX quarterly.
This part sets out operating cashflow. For dummies Daz, that's basically the money you get from selling your widgets less the cost of making the widgets. Revenue does not include any funding from options or capital raises. See? That's what people mean when they talk about cash burn.
This part is where your cash receipts and expenses from financing activities live Daz. These are your oppies and cap raises less the expenses related to them. It's a straight addition or subtraction to your cash balance. It's not part of an opex calculation.
Here is the section where the company looks ahead and estimates how many quarters it can continue based on its net operating expenses. You'll notice Daz there is no provision to factor in oppies or cap raises. It basically assumes that the company will receive zero dollars from funding activities during the next quarter.
The math is where you divide your opex into the current cash balance (plus available debt) the company has. That spits out your remaining quarters. As I said Daz, it assumes no cashola coming in from oppies or cap raises.
It's simple Daz. Very simple. I'm very disappointed.
ABR Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
