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My gut feel is given the failure of the last capital raising...

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stardestr0yer

8,038 Posts.

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08/06/16

09:40

Post #: 17979985
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Originally posted by Tn00b ↑

Hey guys
I agree with both of you.
@treehuger - the 40k announcement did give the impression of a 40k contract being significant which is worrying.
@stardestr0yer - my big worry was with the previous announcement which said: we are focused on reducing capital burn BUT capital burn will be the same or higher for 2 quarters! So with approx. 2.8Mil in the bank and the next two-quarters having cash burn of approx. 1.4Mil it seems like they will run out. However, they also said they will be cash flow neutral by mid next year 2017. This to me says the contracts they announced in this announcement - with blue...... - are BIG but will not kick in for another 6 months.

So the question for me is how they operate for the 6 months until they are cash flow positive?
What are the options?

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My gut feel is given the failure of the last capital raising this will hit up sophisticated investors and save on the expense of a formal SPP.

OLV Price at posting: 7.1¢ Sentiment: Hold Disclosure: Held
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My gut feel is given the failure of the last capital raising...

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