what you said - all the ifs/buts/should/luck etc. + what...

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schmoove

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06/02/22

22:52

Post #: 59393866
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Originally posted by TheWhale500: ↑

Just curious where do you get 2-4 months for a CR? Call it 3 months for simplicity.

End of December $6.5m cash so take out the tax assessment and call spend $2m this quarter which would give you $4.5m end of March 2022 and that's before adding what should be $250k+ in cash receipts based on current paying ARR now being $1m and factoring in MPS sales that began in January & any contracts signed overseas + NDIS market entry (commercial agreement being finalised).

Then throw in the potential for the penalty fee of 300k on the tax assessment being refunded (hopefully the full $1.3m refunded) and you have around $5m end of March (3 months). Possibly $6m with any luck. But let's stick with $5m for this example (worst case 4.75m)

Then call it $2m spend for the following two quarters (Q4/Q1FY23) but then factor in a substantial increase in cash receipts as the ARR 'paying customers' increases exponentially. $5m - $4m (two quarters expenses) = $1m + cash receipts (Q4/Q1FY23) = 2m+??

So end of Q1 FY23 a.k.a Septemer a.k.a 9 months from now...they should have a cash balance of around $2m and YES - that's when they will require a capital injection. Let's not forget that substantial government funding could have them sitting far prettier then I've just illustrated.

Anyway, please feel free to deliver your 2-4 month demonstration tiger.

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what you said - all the ifs/buts/should/luck etc. + what Carpenterjoe said + 8.6.2 = answer + thumbs up

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what you said - all the ifs/buts/should/luck etc. + what...

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