Here is why I believe your statement about $500k banked may be inaccurate.
Note the cash burn of $1,051,000 from last quarter.
Note the cash in the bank 3 months ago
Note the estimated quarters left of operational cashflow.
My basic year 10 level maths leads me to conclude the $500k raised has contributed to the current quarters operational cashflow for FIJ to stay afloat.
We are now 3.5 months since the cash raise and quarterly numbers.
A raise is potentially imminent and I am guessing in my opinion only that the $500k is far from 'in the bank'
Also this was the from auditors report released 28/02/2023
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