This company amuses me more and more the further I look into it.
In anticipation of the next upcoming quarterly/4c due this month, I wanted to look at the most recent 4c from last quarter to see how much cash outflow they anticipated, to be able to compare it to actual outflows.
They anticipated/estimated that they will spent $1.26m. The hilarious part is the breakdown
- $90k of R&D
- $25k advertising/marketing
- $740k staff costs
- $395k admin and corporate costs
You absolute beauty. Management is spending 90% of shareholder funds to pay themselves their salaries and all their lifestyle costs.
Now I'm starting to even doubt if this company is even worth shell value, LOL.
Run run run!
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NEURIZON THERAPEUTICS LIMITED
Michael Thurn, CEO & MD
Michael Thurn
CEO & MD
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