I keep following this stock hoping to see some magic !Looked at...

I keep following this stock hoping to see some magic !
Looked at the last quarterly. $4.1m down on general operating result.
So let's say $5m just to break even.
They will be lucky to make $1.6m in revenue for the full year.

The lovely little feel-good announcement today but seriously $40k a month in sales equivalent to maybe $600k a year is not going to bridge the gap. Nice graph !

Ask yourself where will the $ come from? Bank balance $1.4m last quarter. That will be gone soon.
Here comes another cap raise.

This thing needs $5m a year to survive.
So they have $1.6m in revenue and the balance they keep making up in cap raises. Cant go on forever, but can it? Seen many companies liek this just ap raise and cap raise

Gee this looks like the Victorian Government model.
Just borrow $ to pay for your operation, and blow out your debt. Oh please dont get political and start a conversation over Victiorias financial state of affairs. I think i might spew up !
Vic Government should be a small cap and enter the ASX !

Anyway good luck to everyone holding