We are half way through the September quarter.
The company should know exactly how they are tracking.
The delays with coming out of Trading Halt - which has a direct correlation with the "proposed Capital Raising" leads me to believe that there isn't the growth so far this quarter which would motivate a prospective investor to continue or proceed with their investment.
Again, the maths is simple.
There are 92 days this quarter.
To hit $2.5m for the quarter we need to do $27,174 per day
To hit $3.0m for the quarter it's $32,608 per day
To hit $3.5m for the quarter it's $38,043 per day.
As we are 42 days into the quarter as of COB on Saturday Australia / Friday US time, we should be able to extrapolate this out to understand how the company is going to perform.
Are we on track for:
$2.5m - meaning we have done $1,141,308 so far
$3.0m - meaning we have done $1.369,536 so far
$3.5m - meaning we have done $1.597,806 so far
Yes it's clearly simplified, but the company, and I'd dare say the prospective investors, would know down to the day.
We are half way through the September quarter. The company...
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