Yes due to no gov grant in the next quarter the annual Loss is likely to ballon to -$1 million up from - $405,000 so far this year . Hence the need to raise capital. So at the end of the next quarter they will have eaten up the raise money . The declared profit is unsustainable without another gov grant . Seems to me it's back to a sell not hold or buy. Given volatility globally in U.S. Stock markets another 3 after shocks may plummet this stock back to 2.7 cents unless they're is a takeover or share buyback
Ann: Quarterly Activity Report and Appendix 4C, page-4
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