Looks like they raised 574k this quarter (400k through placment and 174k through debt) yet they still had negative cashflow in this quarter.
The operation is losing around $2.4 m per annum , has revenue around $4m per annum , not enough cash in the bank (about 1 months costs)to make it to the end of the quarter if the current quarter repeats.
With all divisions in loss surely it must be time to change direction.
With the share price now at .008 the market cap is $6m.
For a business with 4m revenue that has expenses of over $6m and is on target to lose $2.4 m this is pretty steep.
I bought some at 1.5c over 2 years ago , and still hold them , so am hoping for a miracle , maybe the bollywood film will be a hit!
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Looks like they raised 574k this quarter (400k through placment...
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