SCT scout security limited

Ann: Scout March Sales Update, page-3

  1. 1,421 Posts.
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    Actually it isn't really - If you look back at Scouts previous quarters (specifically September Q) Scout did $440k in receipts - so as compared to 6 months ago the $409k they made this quarter means Scout is going backwards in receipts or at best sideways whilst burning generally more cash than expected (between $1.5m to 2.5m per Q). This means Scout is practically out of money as last Q they only had $1.8m in the bank and they are now one Q later and burning around that amount per Q.

    So it appears Scout needs another cap raise.
 
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