I don't think they have burnt much cash at all.
This is an extract from the last quarterly cash flow:
Estimated cash outflows for next quarter $A’000
9.1 Research and development = $0
9.2 Product manufacturing and operating costs = 27K
9.3 Advertising and marketing = 2K
9.4 Leased assets = 16K
9.5 Staff costs = 124K
9.6 Administration and corporate costs = 68K
9.7 Other (provide details if material) = $0
9.8 Total estimated cash outflows = 237K
Therefore, the total cash should be more like $2.287M
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Mkt cap ! $1.882M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 3486579 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 4891126 | 10 |
View Market Depth
No. | Vol. | Price($) |
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10 | 3486579 | 0.003 |
30 | 32447960 | 0.002 |
22 | 61521004 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 4891126 | 10 |
0.005 | 6016464 | 15 |
0.006 | 6215752 | 8 |
0.007 | 1782269 | 3 |
0.008 | 2000000 | 1 |
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