RE:QuestionNot sure about the cash burn, but I estimate the got so far $6.3 million as follows:
1. end of Q2/22 cash $1.3 million
2.Dross payemnt 0.7 million, more payment is comming
3. Share issued $1.3 million
4.US Navy padid $1 million for 2 system in service
5. Client B paid $1.3 million milestone payment
6.Peter's share options $0.7 million
Plus they do have small contracts that may add few millions. Profits from work completed.
They do have plenty of cash on hand, plus the working capital.
Some board members just use false information to scare the retail investors. These above transaction confirmed by news release.