Given there was a previous capital raising to fund the production of more Hadrian's for the US and there has been no announcement of 5? completed next generation Hadrian's. Also given cash has gotten so low before the last raising and most of the expenses have been staff costs. Then are the production costs over budget?
Or will more money be needed to finance on going and fixed costs? I just don't see 12 million as all going to expansion into the US and all the new Hadrian's being finished and the staff cost's being 0 before sales are able to get the company profitable. The 4c 6 million really needs to be there just for liquidity.
Ann: Quarterly Appendix 4C Cash Flow Report, page-2
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