Piecemeal raises, not healthy to run a cash balance that can only take you month by month. Management need to focus on customer base and technology development, not trying to constantly secure funding. Current average Qtrly OPEX at $700k so this 250k is peanuts. Yes China market would be huge, but we still haven't seen any meaningful revenue from our Singapore efforts yet.
What makes China different? We don't have any patents secured there so would be prime target for the platform and technology to be copied, which would be pretty easy for the Chinese.
I'm going to contact Anthony tomorrow to discuss the cash situation, I'm concerned.
Ann: CCP Technologies secures placement, page-5
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