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clock Created with Sketch. 11/05/18
19:16
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Originally posted by Starscreen
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I know it’s been an underwhelming past 12 months from a share price perspective, which is fair enough given the cash burn, super long lead time of some potential deals, and limited disclosure. But does anyone else think that if they could do another couple of deals, which hopefully includes the big US bank, they could quite easily reduce cash burn by a significant amount. I realise their runway is running short, but assuming quarterly cash inflow this quarter of $2.2m and outflow is forecast to be $5.6m, the burn might be around $3.4m.
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I think you're right mate, if we land a Wells Fargo or bank of America and hopefully one of the Big 4 australian banks the cash burn issue will be a thing of the past and we will finally back into positive territory.
