Another $ 1,47m cash burned in past 3 months, page-29

To understand Spacetalk’s meltdown, study pages 2 and 3 in their ASX Regulatory 4C Statement released on January 23, 2024 (see snip below), and ignore the commentary.

In the Half Year they raised $3.3m from investors and burned $3.4m.

Yes, they burned all the investor capital and then some in the last 6 months.

They’re on a crash course to be out of cash again in about 60 days.

They don’t even have the cash to build / buy watch inventory anymore.

Conveniently, these key numbers were split over 2 pages iin the Report, making this nugget of information hard to spot.