Post by
ToadyToadman on Jun 20, 2024 2:45pm
How much cash left?
Burnrate is about $2 million a month (as per last year). Even if it is half that now the well has to be running very dry with the relatively little cash they have received in the last couple months. With the shareprice at 0.005 a huge consolidation has to take place soon or face delisting. Won't help to raise money though.
Not many options left for the old lizard. No more money coming in without spending what they have left on court cases. There is no way they can afford to buy parts to build and sell products
GLTA
DYODD