Yep, as you say not far off cash backing after CR. There is an annual report but that doesn't give a good feel for burn rate given the change in business and that it has only been trading for a handful of months. Being a tech company in this space, o/heads would not be huge though and there is no debt of course. Given the pedigree of the people involved and the amount of their own capital invested, I don't think that they would be looking to conduct another raising anytime soon as they obviously wouldn't want to dilute their own holdings at this stage and therefore would have raised an appropriate amount to cover them for the foreseeable future in the initial raising.
IMO DYOR
POP Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
