Yikes...this co is on total life support
$86k in the bank at 31st Dec, burning $650k per quarter...!!
Staff costs are 10x customer revenue...evening fast growing silicon valley tech moonshots don't stretch that far.
Sequoia retained to advise on raising capital - impossible at 0.001c, so expect to see a consolidation firstly, before a highly dilutive placement
#vomit
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0.1¢ |
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Mkt cap ! $1.947M | |||
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