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absolutely, they (c14) have till EOFY to come up with something...

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12/03/25

15:28

Post #: 78235527
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Originally posted by GiddyYup: ↑

Careful not to confuse cash position with net cash position when determining the rate of spending. Note that they have current liabilities of $437k and of that $139k is trade or other payables, ie bills still sitting in the cash column. Once these bills are paid they have approx $440k.

Of the $440k they also have outstanding employee entitlements of $300k. By my calcs that had only $140k in net spendable cash and that was 2 weeks ago on Feb 28.

Burn rate appears to be about $200k per month, ie about 21 days. That would make for an interesting quarterly when forced to finally answer the age old question "how many more quarters of cash to you have".

All this is exclusive of any CR money raised so as long as the undertaker doesn't pull out they have an extra 3 months approx. Assuming they ever see that money, will 3 more months be enough?

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absolutely, they (c14) have till EOFY to come up with something to turn this sinking ship around.

BIT Price at posting: 0.3¢ Sentiment: None Disclosure: Held
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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $2.654M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$210	104.8K

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No.	Vol.	Price($)
64	38848316	0.2¢

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Price($)	Vol.	No.
0.3¢	18281126	25

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No.	Vol.	Price($)
59	37148316	0.002
33	65631001	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	14162401	23
0.004	12820969	17
0.005	6684000	5
0.006	1200000	2
0.007	1084188	2

Last trade - 12.28pm 27/06/2025 (20 minute delay)

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