Interesting financials is one way of putting it. The Chairman's ill-advised comment about "about to go bust" can now be seen to be completely justified, not that it lets him off he hook in view of the earlier CR when the situation would have been clear enough. Prior to the latest CR they were living on bank overdraft. Still no sign of anything that can be called substantive sales and the factory in Germany must be doing small batches of product for customer trials. I feel sorry for those who have been drawn in to the latest CR at 3c/share. With $2M of staff and admin costs over the quarter, the $7M raised will keep them going for another three-four quarters probably. The $1M in revenue would have been from DCF oat milk sales, which are no longer available.
