RE: Wow π€© New Video Released25 Jan 2024 11:18
Newuncle, going on what they raised for last time, I dont expect the money to last that long, cash burn much higher than before taking into account all that they raised for.
The net proceeds of the Placing will be used by the Company to further invest in its Research and Development (βR&Dβ) programme, principally through the expansion of the R&D team, the purchase of additional hardware and an increase in software development. Funds will also be allocated towards the Companyβs ongoing legal claims in respect of their legacy investments and provide general working capital.