Border line.
They had $1.158M in the bank at the end of March 24.
The second tranche from the raise was not in the accounts $650K, it will be in this quarter.
Cash burn for the last quarter was $764K.
Assuming status quo we should have the same bank balance.
I'm looking for:
Further reduction in overheads, people, operational efficiency.
(e) staff and director costs (882)
(f) administration and corporate costs (888)
Improvement in margins (annual report)
Reduction in inventory. (annual report)
Any improvement in sales.
There is probably only one quarter left after this to show any improvement.
Only 14 days to go.
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