Phone number is 9909 7684.
Whilst we patiently wait for Monash to come on board. I took a look at the cash flows for 6 months. Employee expenses at 750k plus travel at 72k plus corporate expenses at 450k. In total for the 6 months 1.27m spent for very little to show.
At this rate the company is burning through 200k a month to run itself, with no income related activity.
In all the analysis of this company, it the high cash burn rate doesnt seem to get mentioned.
Even if Monash comes on board, and provides finance for the CDP , how is the company going to provide funds for this rate of spend.
Can anyone provide a rational answer
Phone number is 9909 7684.Whilst we patiently wait for Monash to...
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