I'm new to this stock, so wondering if someone can help me out on this.
A the end of the March quarter, there didn't seem to e a lot of cash in the bank. - $374k. Add in about $1.1m in new capital and some grants and R&D funding of about $630k, they'll have about $2m to spend.
Current burn rate seems to be about $500K per quarter and if the company is going to grow this thing, it seems they may have to spend a bit more to drive growth.
Question is: say they do pump a bit of money into marketing, production, etc, I would think they might have to raise some cash to really make a fist of it, and I'm guessing before the end of the year.
Haven't seen what their funding lines look like, but any views out there on how quickly this company might get "self sufficient"?
Appreciate the concept and size of potential market, but do have question mark about how much cash they will need to get there
GLTA Y
CGP Price at posting:
3.5¢ Sentiment: None Disclosure: Held
