$5.3m total funds? Not even close to reality. That doesn’t take into account the cost of this ‘cap raise’. They’ve also probably torched close to another million since the start of October and they have $2.6m debt. Even with the tax rebate, I estimate that their net cash position is closer to $1.5m. ie the next cap raise is already coming.
$5.3m total funds? Not even close to reality. That doesn’t take...
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