RE: Cash position14 Jun 2024 08:58
Looks like they are doing all they can to conserve cash which is fair enough. They know that any raise right now will be destructive to shareholders including their own holdings as they still haven't secured meaningful orders and income, so any meaningful raise would be at a low price. Enough of the LinkedIn posts and RNS's about testing and how good the product is, go out and secure some orders if it's that game-changing, it shouldn't be this hard. The timescales and targets advised by management to date have been appallingly inaccurate and only added pressure to themselves. We should have been manufacturing and distributing the product right now according to them, not posting 1 drill to Australia for more testing. It's make or break time for NTQ this year. I will hold, but getting a little nervous!