cash burn of 3.8m and another 4m of expected outflows next qtr. This is up from 2m in march qtr. Lucky they did the raise when they did. I can see why they needed it.
but it also begs the question - how sticky are the holders who got the 22million raise at 75c only a few months ago in April.
do those sitting on big gains now turn around and lock in profit considering today's quarterly (which was released literally last minute -usually a red flag) wasn't exactly stellar
Ann: Quarterly Update & Appendix 4C, page-14
-
- There are more pages in this discussion • 109 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
