RE:Existing Shareholders Rights circular says w/c at Feb 29 is $252,777. Where did the Dec/jan financing money go? I think they increased staff to train and operate plant and spent money on equipment additions/modifications. Now they will hire and train a second shift of employees. Mgmt should be more transparent if they want participation in rights offering.
| | CFO | Equip expenditures | Total cash spend |
| Jun 24 | | | |
| Mar 24 | | | |
| Dec 23 | | | |
| Sep 23 | (1,200,900) | (190,340) | (1,391,240) |
| Jun 23 | (1,045,501) | (669,051) | (1,714,552) |
| Mar 23 | (788,670) | (409,656) | (1,198,326) |
| Dec 22 | (900,001) | (447,812) | (1,347,813) |
| Sep 22 | (610,997) | (202,431) | (813,428) |
| Jun 22 | (754,513) | (60,561) | (815,074) |
| Mar 22 | (736,291) | (94,521) | (830,812) |
| | Sep30/23 | Feb29/24 |
| Current assets | 325,750 | |
| Current liabilities | 461,102 | |
| Working capital | (135,352) | 252,777 |
| | | |
| Dec equity pp | 1,566,222 | |
| Jan deb | 1,700,401 | |
| | 3,266,623 | |