The cash balance as at 31/12/2014 was $1.9M.
They listed with just over $3.5M at the end of November.
So they had used $1.6M in cash in just over a month of trading.
Can you see why the market is pricing-in a cap raise?
High cash burn + continual selling into 19-20c + convenient report by Next Tech Stock trumpeting the blue sky potential of the company... All adds up to one thing imo.
The cash balance as at 31/12/2014 was $1.9M. They listed with...
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