So they had $7.7M cash on hand 30th September And now $6.2M cash on hand 31st December
So have burnt through $1.5M for the quarter. So only 4 quarters of cash left at that rate.
They're supposedly cash flow positive, with increasing revenues. I'm assuming they didn't acquire anything since 31st December, so why the cash burn?
What's the point of putting out a quarterly update when they only highlight the positives and not being transparent about where the money is going? Or have I missed something?
PYG Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
