OK, so at least we have 'some' financials (??) to look at........

OK, so at least we have 'some' financials (??) to look at.....

Whilst anecdotally things seem to be improving, the implied threat of further cap raising is not good news.

From the report -
Key Risk Factors
 Operating risk. The Company has not been able generate profits till date while it continues to build traction to build significant revenue growth. There is considerable uncertainty related to this industry with several competing technologies in the offing. This makes it difficult to evaluate its future prospects. Several of its alliances are at trial stage and failure to establish feasibility of its products may affect it adversely.
 Share dilution risk. The Company will look to raise funds through the issuance of debt or additional shares. Issuance of new equity will dilute the percentage ownership of existing shareholders.
 Financing risk. The Company will require additional funds to complete the continued development and commercialization of its products, product manufacturing, and to fund expected additional losses from operations, until revenues are sufficient to cover its operating expenses. If it is unsuccessful in obtaining the necessary additional financing, it may be forced to reduce or terminate its operations.


I think i'll be waiting until after eofy & the 14/15 financials are out, but probably until late in the calender year, before considering.....

GLTAH.

Cheers,
Mac



Please dyor.