@Davisite
Apologies if I appeared haste to jump down your throat, however I feel you're just cherry picking info.
Yes, it appears they're intending to spend 1.98m this Qtr.
However what you failed to mention (intentionally or unintentionally - I'm not casting an aspersion either way) is that $1.35m of that spend this Qtr is on R&D.
AND... they will get 43% of the R&D spend back by way of a cash rebate via the ATO.
So - net net - they're going to spend 1.3m this Qtr
They started the Qtr with 7m, less 1.3m spend equals $5.7m. Then we add the $300k they received this Qtr from a R&D rebate - they should finish the Qtr with $6m cash
All I'm saying is that they launched the IPO last year with the intention to be fully funded to take the product to market & they are on track to achieve that goal.
2019 is the year of delivery.
@Davisite Apologies if I appeared haste to jump down your...
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