RE:How much cash $$ left on the books ?homerunstock wrote:
thks
Dont forget numbers we have just seen are for YE17 and another 4 months of losing ops have gone by now..
Now with 4 months underway of 2018 and not a single peep about any Xwin or Croptimad sales it os safe the assume cash burning has continued at a good rate, so WAG on real current position as of today would be:
6 M currrent cash at YE
+
0.75M received from SICPA at start of 2018
-
4.5M (25% discount over blended 16/17 cash burn rate before Sicpa payments) / 12 * 4 =
1.5M So lets call it
5.25 M or 5.7c/share TOPS.
Anyone telling you they see different is BSing you and we will figure out by May with the 1Q report
Why anyone is bidding even 5c for this is beyond me, cash on hand with this gang is as good as a candy in a kids hand....