management probably was running on fumes again as usual when the $1.7m raise was approved last week so a good guess is $1.5m of cash. burn has averaged $300k to $400k a quarter but that was almost entirely management salaries, legal expenses, and other “consultant fees” (who are these well paid consultants?!?) we’d have to think the burn will go up if cash is used for product development and marketing
Shell, page-13
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