LNU linius technologies limited

Seems a bit low only to raise 600k understand they advised us...

  1. 7,667 Posts.
    lightbulb Created with Sketch. 1993
    Seems a bit low only to raise 600k understand they advised us they cut back costs last qtr but 700k + 600k would be 1.3M and last qtr they burnt through 1.6M so even if they cut back 20% come end of the year there could be nothing left in the bank.

    https://hotcopper.com.au/data/attachments/4848/4848178-ae31ceeafa56178046c744c77f1996bb.jpg

    Likely more like 2-3M at 0.3c as that would give them 3-6 months of working capital as new integrations & partnerships are going to require more funds to implement IMO.

    Guess wait and see...
 
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