Not a good looking quarterly and they will be passing the hat around again shortly just to keep things afloat.
Last quarter they spent $920k to make $101k and this quarter they spentr $829k to make $148k, only made to look slightly better due to a $491k R&D grant refund.
With few buyers for the participants in the last raise at 2.5c to offload to, how will they sweeten things this time?
Ann: Appendix 4C - quarterly, page-2
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