RE:RE:RE:The true face of NUR appearsThey make a couple of smaller references against specific projects re: cash flow, such as (a) buying equipement for the Orange contract from cash flow (but no indication of other funding, (b) getting money from their Canadian build-out but that appears to be the money used in (a) and for general operating expenses, (c) the Marshall Ilands one has seen 35% of revenues but they have dissipated thru period, (d) the Ghana one is funded by GMSA but there seems to be little positive cash flow margin for that one, (e) MTN negotiations are ongoing.
So it has all this pending stuff but where is the funding.
I guess one can note this from the MD&A. It's a matter of which comes first.
"Although the Company’s cash position at the end of October 2020 was positive, current inflows are not sufficient to cover its selling, administrative and R&D costs and finance its sales growth. The Company will continue to depend on its ability to convert its sales opportunities into purchase orders (for example the recently signed agreements with Orange SA for Cameroon and DRC), raise debt to finance NaaS projects and future equity issuances or other means to finance its operations. The ability of the Company to continue operating will therefore be dependent upon obtaining additional financing as required. The timing and ability to do so will depend on the liquidity of the financial markets as well as the acceptance of investors to small cap companies, in addition to the results of the Company’s operation. Although management believes that the company will be able to raise the necessary financing, there can be no guarantee that these efforts will be successful."