@CLT1 sub 10c raise would be a disaster.
We currently have 200.4M shares on issue, 232M when fully diluted.
If we are burning cash at $4.8M per quarter, then add back R&D rebate (which comes in annually), therefore, say $4.0M per quarter annualised we will be diluting heavily.
If the current runway dries up in December 2018, assuming no revenue, you would think Jack will need another $20M.
That $20M at 10c is 200M shares.
Not good at all, I hope you a wrong @CLT1
Cheers
Mr.G
@CLT1 sub 10c raise would be a disaster. We currently have...
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