cfu open day report, page-16

rgdk
first up thanx very much for your excellent report

just one issue

"Cash-position,

The company expects that the current cash will see them out for two years, by which time they expect to be cash-flow positive."

was just looking at the cashflow statement and noticed that it cost about $14m a year for to operate the business

2 x $7,366,377 (half year) = $14m


they have raised about $10m

cash and equivalents at the end of the half year is about $4.6m

$10m + $4.6 = $14.6m

as far as I can see they may only have enough to get them through one year, not two.