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So they had $7.7M cash on hand 30th SeptemberAnd now $6.2M cash...

  1. struzball
    1,009 Posts.
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    24/01/22
    10:03
    Post #: 59081796
    So they had $7.7M cash on hand 30th September
    And now $6.2M cash on hand 31st December

    So have burnt through $1.5M for the quarter.
    So only 4 quarters of cash left at that rate.

    They're supposedly cash flow positive, with increasing revenues.
    I'm assuming they didn't acquire anything since 31st December, so why the cash burn?

    What's the point of putting out a quarterly update when they only highlight the positives and not being transparent about where the money is going?
    Or have I missed something?
    PYG Price at posting: 43.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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