Wowww, page-12

Hey, I hope you're right; but here is what I'm seeing:
Their total available fuding reported at end of March q. was $6.396m.
(If) loss in June q. mirrors Mar q. loss. (then) we will see a $1.848m cash ouflow; and fuding reported at end of the March q. will be $4.548m.
If this is their result then they only have 2.5 quarters of funding available. A similar loss in the Sept q. would leave them with only 1.5 quarters of funding left and questions asked about how they plan to meet listing requirements going forward. They will dive under this 2 quarter limit half-way through this quarter (August) if they keep buring cash.
Unless they have substantially reduced their losses this quarter then they will have to raise capital before the Sept quarterly is released (unfortunately in a market that is brutally punishing companys that need to raise cash). In this environment all eyes will be on their p/l this quarterly - if it's bad again (without a forecast of breakeven or better in the coming quarterly) then a capital raise at heavily discounted price (20-30%) is 100% certainty.