No you’re missing the point. You are assuming delivery milestones are being met and revenues will follow. Problem is delivery is not being met, cash is being burnt at a rate of $14 out for every new $1 in and that is not sustainable regardless of how much Capricorn have put in. Yes they put in 10 mill or there abouts. When there is less than 2 quarters cash left in the bank they won’t be doing that again they will just get all of the software for free out of the escrow repository where the source code is as per the contract. (Standard practice for Application development with 3rd party vendors for clients).
No you’re missing the point. You are assuming delivery...
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