Drifta, the quarterly cash statement will be interesting for this quarter.
I work out they have approx $4m in cash at the moment which is not too bad.
As at 31 Dec 2020 WOO had $1.348M cash. Quarterly cash burn was $532K for the quarter.
In this quarter they have raised $4M, so surely they have more than $4M cash (say $3.7M after cap raise costs).
Assume cash burn of $750K if they are ramping up for software development and staff etc, then they would still have approx $4.3M.
I think my numbers are correct?
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