It should also be noted that, based on ResApp’s unaudited financial estimates: • as at the end of August 2022, ResApp is estimated to only have $530,149 in cash and cash equivalents; and • prior to the entry into the Bridging Loan, and draw down under the Bridging Loan, ResApp was estimated to have a negative cash flow of $853,135 during September and would have an estimated negative cash balance or deficiency of $322,985 at the end of September.
We are not going to commercialise the product given this current position.. LOL
RAP Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held