NOR 0.00% 4.8¢ norwood systems limited

Hang on. See out the year without a cap raise? There was $1.2m...

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    Hang on. See out the year without a cap raise?
    There was $1.2m in the bank at end of March. $1m due from the private placement. $1.05 due out in expenses, $50-70k in revenues. That puts them back where they started with $1.2m in the bank at the end of this month.
    R&D grant loan was for 80% of a conservative estimate. Maybe they'll get $300k from that after they repay the loan.
    $1.5m is about 4-5 months expenses.
    If you think they can survive into 2019 without a cap raise then they will need million dollar deals in the next few months.
    You think that's likely, I think it's unlikely. Only time will tell.
 
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