Ok, I'll play devil's advocate in the interests of having an open collective mind.
I'm concerned about their cash burn. They say that their cash burn is going to go back up to previous levels, they've recently taken out a loan (used 0.2 mill out of 1.1 mill).
Their net cash is circa 1.8million.
Their cash burn per quarter is circa 0.9million.
So, where's the money going to come from to continue? If they need at least 2 quarters worth of cash so that they don't have to announce to the ASX that they have under 2Q worth of cash to pay bills, they've temporarily tided this over with the loan.
They either need to
1) significantly increase revenue received to slow down the burn
2) borrow more money
3) cap raise.
thoughts?
Ok, I'll play devil's advocate in the interests of having an...
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