I'm no accountant and not trying to ramp either way but to me those figures just dont add up? No revenue and cash burn just based on previous months as per their figures = company is basically broke or running on thin air by now at best??
Finance extension is just that, an extension of the due date, no extra funds provided? Must be a cap raise coming? to support ongoing works for 90 days and during this time they seek to establish flows for a buyer? that is possibly waiting huh? One could read much positive or negative into this scenario as its playing out depending which side of the fence you're sitting on. I hope its all good (I'm holding some ODY).
Add to My Watchlist
What is My Watchlist?