Checked the latest quarterly report. Already down $1mil in cash from the half yearly of $6 mil. The cash burn has increased dramatically. After previous CR SOR raised enough cash to last approx 3 years before the next CR. If this CB rate holds the cash my not last that long this time. IMO
The half yearly is very sobering. Net Assets $6 mil SOI 380 mil. NTA 1.5 cents.
This all points to a continual slide in SP IMO
SOR Price at posting:
23.0¢ Sentiment: None Disclosure: Held
