It is based on RAU financials that were released at the end of this August. They had in August the sum of A$1,309,122 cash to fund ongoing activities. Cash burn was running at $201,750 per month. Sales were $56,250 per month (on a restricted basis due to FDA compliance issue). This sales rate INCLUDES all international sales and US sales to various government departments (Federal, State and local police depatments, prisons and other deapartments as they are unaffected by the ban).
I have no doubt that HGR probably has a decent product BUT at the moment the folks that should be buying and are allowed to buy the product are only buying very small quantities. Why is this so?
They will need multi millions for advertising, sales staff and product ramp up just in the U.S.. A placement is coming.
HGR
unknown
It is based on RAU financials that were released at the end of...
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