With all of the focus in the recent announcement being on NowForce and the raising at 0.008 did anyone else notice this line:
"Velpic’s cash position (unaudited) as at 31 October 2017 was $2.17m"
This means we have only incurred a cash burn of $200k for the month, vs $877k for the September quarter!
Looking forward to an update from Velpic on sales growth in October and November as the above reduction in cash burn is considerable, equal to $90k/month!
Could be looking at CFP by June 2018, or even earlier depending on sales growth acceleration.
VPC Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held