Will not be surprised at all if a capital raising is announced...

Will not be surprised at all if a capital raising is announced very soon. Looking at last App 4C for 30 Sep the company announced it had $3.2M with a cash burn rate of $1.6M for the quarter.

So we can assume they burn the same amount for Dec qtr leaving them with only enough to survive until 31 March.

Do not be surprised if this is announced before the Dec qtr App 4C is released (before end of January) or not long after that.

This is the problem with these tech startups, they have to spend so much in the early years while trying to build user base and reach critical mass. Sadly, most fail or just continue to do dilutive/discounted capital raisings along the way.

Cheers, Wolf