Please explain the forecast high Sept quarter cash burn of over 1.16million given company boasted in the extreme about substantially reducing costs via both recent announcements & June quarterly?
"Restructuring of the business to result in reduced number of staff. The Company’s operating costs willbe reduced substantially allowing for cash to be conserved and directed towards new investment opportunities".
"The majority of the Company’s staff have been made redundant, substantially reducing cash burn in the interim. Staff remaining with the Company will continue to work on the
Dash Digital and Now Force divisions of the Company’s business"
Show me where operating costs have been substantially reduced, or don't I understand english??
I'm a shareholder ffs.....company needs to explain now!!
VPC Price at posting:
0.3¢ Sentiment: None Disclosure: Held