the directors also should be pressing P&G for monthly sales data to be able to invoice P&G for royalties every month rather than quarterly, and we should hold the directors to account for failing to advise us owners of the cash received from royalties as they're received. They've been sitting on this bad news for at least a whole month - or more likely for 6 weeks, and not issued any market update. Were they expecting or hoping that something else might fall out of the sky to save their butts?
We are burning cash at an unsustainable rate of $880k per quarter, not the forecast rate of $750k for the next quarter, and things need to turn around in the next quarter. Otherwise we've only got a year's worth of cash left in the bank.
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the directors also should be pressing P&G for monthly sales data...
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