Here's my post from 21 December 2016. All of the information...

Here's my post from 21 December 2016. All of the information contained within it is sourced from publicly available information. Instead, maybe ASIC should investigate the company's claims that they would see out the financial year without a raise.

As per the quarterly previously announced, cash position at the end of Q1 2017 was $2,553,000. Now that the R&D rebate has been received, which is great news, we can rely on the estimates that were provided for Q2 2017 as per below.


This means we can assume, based on the company's information, that the company's cash position will be ~$2,304,000 at the end of Q2 2017. Based on expenditure forecasts (provided below), the company therefore has $2,304,000/$365,000 = 6 months of cash flow remaining. Therefore, one can safely assume that if the status quo remains, a capital raise will be required by May 2017 at the latest.



Simple addition. Simple subtraction. Simple research.