ID8 6.25% 15.0¢ identitii limited

ID8 about to go bankrupt?

  1. 116 Posts.
    lightbulb Created with Sketch. 223
    Well today's 4C is tough reading

    quarterly cash receipts of $250k versus quarterly cash expenses $2,000,000 ....

    But the real problem is this ... cash on balance sheet is only $1.1m

    And the 4C in section 9.8 estimates cash outflows for the next quarter of $1.9m

    So basically ID8 does not have enough cash to fund itself in the current quarter

    Therefore, equity raise imminent, otherwise this company is going out the back door

    Proceed with caution.

 
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