Out of money experienceA little over three months ago they raised 23 million.
As I predicted over a month ago, they would need another PP
in this quarter. As they have been using up cash at the rate
of 5 million a month, not ,5 a month , I thought the PP
news release would happen next month. But here we
are,already needing more cash. For the 11 months ending Nov , 2018
they have gone through 55 million dollars.
Looks like the cash is now flying out the door at a rate beyond
5 million a month..
last time I said there would be a PP in the first quarter, the Cult said that
they had a secret meeting with management who said there would
be no PP until the spin off transaction was done.
That spin off by the way is dead dead dead.
I realize the need for more cash was tied to a statement that there
will be more sales in the future .
Are these sales profitable by the way ,or are they too
at a loss, like all the other sales of Sunniva.
They did get another ten million, which will keep them in business
for another two months or so.
This is the third pp in less than a year, and three strikes you are out .
I think it’s all over by May 2019.