Hi,
The shareprice will not move unless the company announces or lets us know its financial position.
at at 30th June 2015
It had cash of $268K
It raised approx. $650K (after underwriting fees)
Short term loan $500K (matures on 30/11/2015)
R& D tax refund $700K
So total of approx. = $2.18 million
The average spend for the company is approx. $225K per month.
and if it pays out the short term loan of $500 K + $35K interest, it will be left with
$2,180 - $1,125 (running expenses) - $535 (loan) = $520K only
then at 30th june there was trade payable 0f $213K
This leaves only approx. $300K going into holiday period.
So either the loan holder will be asked to convert into shares or some form of capital raising have to done (unless there are sales or money from carl zeiss)
No wonder the share price is not gaining any traction. once the capital raising is sorted - will the share price be pumped like previous times ? I hope so - so that I can get rid of this blot on my share portfolio!!!
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