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.
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