NET needs to provide transparency for the excessive cash burn.
According to the latest 4(c) just for the three months to March 2021:
Product manufacturing and operating costs were $648,000 (for the nine months to they were $8,300,000)
Staff costs were $1,812,000 (for the nine months to they were $4,247,000)
ADministration and corporate costs were $1,164,000 (for the nine months to they were $5,888,000)
These figures are excessive to say the least. Especially given NET's minuscule revenue (which is not reliable).
Does anyone have any insights on why cash burn is so high?
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