The cash is nearly the market cap! Also some or a lot of it is probably tax loss selling. I am confident this will recover in the new financial year.
If they can't find something, they could return the cash and wind it up.
The burn is quite low as well so they aren't just milking the cash balance with high salaries.
So am willing to give them a year considering they have about 4 years worth of cash.
Ann: R&D Tax Incentive Banked, page-9
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Mkt cap ! $3.246M | |||
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