From the Frost report
Valuation – We estimate Weebit’s monthly burn rate to be approx. AUD$1.2M. Weebit’s current cash
position is strong mainly after the recent raising. This significant figure will support the company’s
strategy and plans throughout 2022-2023, with no additional need to raise more capital .
In these trying times in the world markets , its good to know we have a warchest of close to $50 million to see us
through .
Not to forget our R and D refunds from the French Govt ,
Should put the capital raise theorists to bed for a while .
Aimo
Updated Frost & Sullivan report, page-11
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