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Ann: Appendix 4C - quarterly, page-5

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  1. 99 Posts.
    lightbulb Created with Sketch. 39
    Cash at end of quarter - $2.332 million
    Expected cash burn for the quarter - $4.795 million

    Based on a straight line burn they have about 15 days to do something. This is subject to additional revenue they make producing for the un-named customer but given manufacturing costs are going to decline quarter on quarter (4.6 million to 3.3 million), I am sceptical that will save them.

    Either

    1) Announce a new strategy so the important people can sell their shares
    2) CR
    3) Sell a farm - might be getting cheaper by the day
    4) All of the above

    For the SH, I just see a lot of pain
 
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