CORRECTION:
$1.6m in bank at end of Q3. First post did not account for C4 cash outflow.
$1.1m loan repayment in Dec. OR renegotiated loan. OR 50m+ share dilution. OR a Capital Raise.
The average cash burn in the last 4 quarters is $444K. (-$304k, -$522 in the previous 2 blocks of 4Qs)
My own projections including revenue and operating cost of the consolidated business with 3CT and SNZ are suggesting a very similar cash burn in Q4. And assuming we burn zero cash in Q1 and Q2 we will have $1.2m in the bank to pay out a $1.1m loan. That will not happen.
CR and or dilution is coming before the end of the year. What are shareholders going to do about this?
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