GrahamB wrote: Mousetrap1: ." Let's say, just for conversation's sake that FSD sold it's Cobourg facility for $15 million. Would you assume that this 15 million should be added to every quarter going forward because this is now factual history and indicates a trend? NO!!!! you would not."
You are making an example, that does not relate to the facts, and extending it inappropriately to make a point.
The question should be, what are the typical expenses, that can be reasonably expected to continue into the future.
If they are spending money on salaries, electricity for the building, insurance, consulting fees which are contractionally obligated, advertsing, clinical trials....
One can estimate that some of these costs will extend
If you add these expenses up, which are basic overhead you will see that it will amount to several million dollars each quarter.
Granted, there were some exceptional expenses, and we hope that those will not be duplicated. Still, you know that they are going to have to spend millions of dollars on clinical trials, and that that process itself is going to be expensive.
So, if you really do not believe that they will be spending millions of dollars each quarter, once they are conducting operations in earnest, I believe you are either being nave or disingenuous.
I think we can leave this conversation to rest, but let us see what the financials are over the next 6-12 months.
I estimate that they will be at least 2-3 million a quarter, and likely will approach 10-15 million annually. The revenue, I believe from operations will not equal this, and I believe they will need to do financings and sghare dilutions to continue.
You think they will be able to operate for a year at 5 million, if I understand you correctly.
So let us just wait and see.
I will save this post, as I saved the last post from October, in which you recommended people support the stock at around $0.60, and buy more.
Anyone who followed that advice, and that of Niet, would have clear evidence, with which they might suspect your accuracy, and skill.