Fair chat. Funding will be required before needed so my $2m projection may be generous.
8.6.3 suggests they're confident of at least two quarters more funding and thank god as raising below 5c would be horrific. If they can hold out until H2 and deliver great progress (revenue) in the interim which boosts s/p would be critical & make part loan funding more feasible.
Interesting to see from the June 21 quarterly to last months increases in advertising/marketing (slightly) + staff costs (200k) but decreases in r&d + admin/corporate costs (less tax assessment). Overall decrease in operating expenses but as you mentioned more staff will be required. Deals like the MPS one save in marketing costs etc. Plus the directors are pretty tight in general as we know. Low-cost digital based is the attraction.
PCK Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
