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clock Created with Sketch. 05/11/18
10:45
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Originally posted by choco
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Ok. Lets see now, cash at bank $300K, the cashflow is non-existent with constant drains of outflows of at least $275,000 per quarter. There is a one off refund of Research & Development coming in Dec 2018 which is just a band-aid for the next few months. This company will run out of money soon and could become insolvent by easter 2019 if no decent income is found. Already Directors fees have been deferred and the company has been put on life support.
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Did he walk or was he pushed? If walking is a bad sign then clearly fighting to stay is a good indication of his confidence in the product going forward?
