VCR ventracor limited

According by the View of VCR finacial result:Cash burn $30.6M...

  1. 1,648 Posts.
    According by the View of VCR finacial result:

    Cash burn $30.6M (last year)
    Cash at end of year $18.M(30/6/2008)
    the burn rate :$2.55m/month.

    this meaning only retention of $7.8m cash on hand by end this month that just can keeping their revolution business for 3 months.

    Estimate VCR will do not hesitate the price to obtain the fund as soon as possible,Otherwise is the relations VCR whether can survive major problem.

    Net tangible assets per ordinary security: 9.5c
    may be this price for CR?
 
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