Stock has dropped from 4.4c to 1.6c in 2 trading sessions !
Hopefully which ever Director is promising to fund this for the next 12 months isn't relying on their accountants forecasts of costs, as he would be in for a rude shock - the actual costs are only around 5-10 times larger than estimated each quarter
Their quarterly report as at 31 December 2014 stated:-
Cash at end of quarter - $7k
Estimated outflows - $5k Actual outflows - $341k+
Their quarterly report as at 31 March 2015 stated:-
Cash at end of quarter - $41k
Estimated outflows - $40k Actual outflows - $148k+
Their quarterly report as at 30 June 2015 stated:-
Cash at end of quarter - $45k
Estimated outflows - $30k Actual outflows - $63k+
Their quarterly report as at 30 September 2015 stated:-
Cash at end of quarter - $11k
Estimated outflows - $10k Actual outflows - $79k+
Their quarterly report as at 31 December 2015 stated:-
Cash at end of quarter - $6k
Estimated outflows - $5k Actual outflows - $46k+
SPB Price at posting:
1.6¢ Sentiment: None Disclosure: Held
