Based on $4.8m at bank and 18 months at $330k full burn. They...

Based on $4.8m at bank and 18 months at $330k full burn. They might need a couple mil to comply. But they also have revenue with Nexus Vita and others that may be accepted as additional cover on the cash requirement.

This $2m accounts for the costs to still be undertaken with the NASDAQ IPO

But he did say that they will not raise capital via ASX / Australia anymore, and future raises will be done via Nasdaq where tech companies are much more welcomed and there is a lot more liquidity in investments.