Von, this is from memory so correct where required, but at the start of Oct didn't they have roughly 1.5 in the bank, having burnt roughly 1.5 for that quarter. So if that burnrate remains the same for Oct-Dec, then they'll only have the 2m you mentioned in the bank heading into this year and so would only have enough capital for Jan-Mar. Unless there's a significant upkick in sales, wouldn't you expect a CR this quarter, presumably after some good news (eg Government subsidy deal)?
Disclosure - I'm in the buy que at 0.5
ALT Price at posting:
0.6¢ Sentiment: Buy Disclosure: Not Held