Have been watching this stock from the sidelines. How many shares on now on issue in BRN?
When I last looked at their cashflow statement (as at December 31) they had $7,622,178 cash and cash equivalents available and in a subsequent update had stated "For the March 2020 quarter the Company forecasts total cash outflows of US$3.97M".
Without a capital raising this quarter based on the above spend rate they would be out of cash sometime in June 2020.
Am confused as to when Akida on chip will be available where manufacture commenced on 8 April 2020? Seem to recall first test chip might be available in September/October which seems very slow to me.
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