from the June quarterly - that was released 31 July. Wonder what has happened in the last 10 weeks. Was hoping for something from razercon not a cap raise, i wait to see what the funds are to be used for hopefully to get this app to market
Well Funded for Continued Growth As at the end of Q2 2020, Mogul’s available cash was over $2.4 million against a quarterly net operating cash flow of approx. $489,000. This represents an approx. 35% reduction in net operating cash flow from the previous quarter. The Board continues to ensure funds are managed prudently to ensure that the Company does not need to seek additional funding from equity capital markets for the foreseeable future given current market uncertainties. In determining the action to be taken, the Board has sought to ensure that these reductions would not affect the Company’s ability to service existing partners, continue to improve on existing or launch new product features, and to attract new revenue generating partners to the platform. The Company notes that in Q2 2020, the Company paid $78,834 to directors of the Company in fees and salaries, and $22,813 to related parties in the quarter
ESH Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
