MEB 12.5% 0.9¢ medibio limited

Ann: MEB Signs ilumen Contract with Large Australian Employer, page-27

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  1. 62 Posts.
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    With respect I think you are not taking into account tax, fees for the R&D application and creditors for the last 2 months including massive legal costs.  Brian Mower previously noted in our call that after fees it would yield $1.9m was the expectation.  Redundancies don't appear ot have begun but may slow the burn.  Arguing over this it changes nothing but what is shared is the concern that being so low on cash needs a raise or a large contract and neither looks good presently. 
 
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