Interesting numbers. Used up $1.8m cash in one quarter. Received income of $384K which is just the GBP153K from the loss making UK consulting company.
Directors took out $322K, or $1.288m annualised!!!! With $9.6m left in the bank, they will need to start raising capital in 3 more quarters. Time will pass quickly. Time directors advised whether the technology can generate revenue or whether it is all just a great academic idea.
