At end Nov 2010, the company had cash of $3.3m and they estimated the cash burn rate was $160k per month (their own numbers)...so they should have at least $2.5m at hand, and no need for a capital raising right now.
So, either they are burning cash at much higher rates than disclosed, or something else is brewing.
Anyone have any ideas?
- Forums
- ASX - By Stock
- TIS
- announcement out - capital raising
announcement out - capital raising, page-53
-
-
- There are more pages in this discussion • 67 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TIS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online