omi financials to end of June 05 make interesting reading.
Losses for the year amounted to $4.32 million on revenues of $406k ($211k Sales & $185 Interest) with cash outflows of $3.47 million for the year. Cash on hand of $2.1 million, but Note 1 (e) makes interesting reading.
On current (05) expenditures, omi will need to generate approx $2million net sales so as not to have another capital raising. Will be an interesting 6 months to see if they can generate significant sales.
Comments please
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