Unfortunately will have to wait once again for next quarterly (don't know how many times I've said this?) to get an idea about cash burn without any sales receivables. Last year wages at this point were over $2M I expect it to be higher this time.
Hopefully something legitimate will appear on the balance sheet regards sales, revenue still surprising they can keep sales to Ellume off balance sheet, at some point ASIC will come calling and say how can an investor make an informed decision in the absence of the most basic fundamental of any business - REVENUE from sales, unless of course there are no sales, there is no revenue in which case where's the money going to come from to further development, manufacturing and advertising? Give you one guess!
ADO Price at posting:
16.5¢ Sentiment: None Disclosure: Held
