Ann: ResApp Receives R&D Tax Incentive Cash Refund for FY16, page-10

And you've done exactly that and asked management this question? And their response was they didn't have enough money in the bank??
If you kept your post factual I'd back you 100%, but you're not. You're emotionally tied to this stock and not thinking rationally with what will hopefully be the outcome in the future. It was never going to be a success overnight and if anyone thought it was going to be have rocks in their head.