As previously mentioned the stronger aud vs usd is a plus given funds have arrived now
with 41m USD pipeline, surely they can convert 25% over next twelve months and get to a decent positive cash flow position by Dec 24
even if they only converted 15% that still gets them to 13m USD. The company strategy is to hit break even mid year even if it means reducing costs
Its important to note their confidence in 10m USD dec /Jan is due to the stage that certain contracts have reached
I think we are seeing the lows now
Merry Christmas all and wishing you all and Sen a great 2024 !!!
Ann: UPDATE ON SENETAS ENTITLEMENT OFFER, page-2
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