Their last quarterly report in March 2019 shows they have 4mill in cash, and they estimated that the next (current) quarter they would chew up 1.6mill of that. That leaves them with 2.4mill at the start of July if their outgoing estimates are accurate. Probably safe to assume outgoings for the next quarter will be similar so by the end of the July-September quarter they'll only have 0.8mill.
Unless the revenue from all these recent distribution deals start rolling in heavily (which off past experience with this mob they will take their sweet time to get into gear after signing the agreements for anything to start showing) they absolutely will need to do a CR in the near future.
Worth considering for all holders that their holdings will become diluted and be worth less.
When does the company cr?, page-14
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.73M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4408 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 1899 | 2 |
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