RE: EXCELLENT FORUM TODAY LOL ....20 Feb 2023 09:36
Good point CP13, lets try and do some financial analyses with resulting forecasts to debate
Below shows
The cash burn of 332K along with cash positions at 31 Dec 2021 and 30 Jun 2022 are facts as per filings
The following cash position at 31 Dec 22 and 30 Jun 2023 are based on one of three assumptions that due to an exceptional cash expense cash burn has reduced from 332K per month to either 250K, 200K or 150K
Date Monthly Burn Cash
31/12/2021 £3,719,134
30/06/2022 -£332,467 £1,724,335 Note no assets acquired so it is cash on expenses
31/12/2022 -£250,000 £424,335 after adding adding £200K from lanstead back in
30/06/2023 -£250,000 -£475,665 after adding anonther 200K from lanstead and 400K from Jan raise
Date Monthly Burn Cash
31/12/2021 £3,719,134
30/06/2022 -£332,467 £1,724,335 Note no assets acquired so it is cash on expenses
31/12/2022 -£200,000 £724,335 after adding adding £200K from lanstead back in
30/06/2023 -£200,000 £124,335 after adding anonther 200K from lanstead and 400K from Jan raise
Date Monthly Cash
31/12/2021 £3,719,134
30/06/2022 -£332,467 £1,724,335 Note no assets acquired so it is cash on expenses
31/12/2022 -£150,000 £1,024,335 after adding adding £200K from lanstead back in
30/06/2023 -£150,000 £724,335 after adding anonther 200K from lanstead and 400K from Jan raise
cash burn must be less than 250K otherwise NNN would already be out of cash
150K burn is not likely otherwise exceptional cash expense would need to be circa £1M
Circa 200K is therefore most likely which is NNN out of cash by mid July
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