This is staggering. I am only a viewer from the sidelines. However, there is an ARPU of $5 per month. $36M in accumulated losses, $13M raised in the half, Operational Cash loss of $6M which is $1M worse than pcp. On this run rate they will need to raise more before June.
What is most staggering about this is that they most likely will.
BWOB I invest in companies and I watch others. Some of those I watch is for entertainment. Its a bit like driving past a car crash with a car resting on its roof... You cant help but watch and wonder "How did they get themselves into that position"
Ann: Half Yearly Report and Accounts, page-3
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