Cash position can be a concern for some people... however, the wages are dropped by 50% since 2014... now close to 150k per annum which is very good. Total cash 280k and no debt with a market cap of 4m is pretty good.
This means they are not in a dire situation to raise cash. I would say Rsl sort of raising might be done which is around 300k... but that might be a strong signal...
Also interesting to note that direction is very clear... it's a tech acquisition they are after... looks good.
Just a wait game really...
Cheers
WPI Price at posting:
2.0¢ Sentiment: None Disclosure: Held