GREY:SNIOF - Post by User
Post by
Polebrookon Oct 28, 2015 5:10pm
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Post# 24236470
Warrants unlikely to be exercised
Warrants unlikely to be exercisedAccording to Note 7, 4.6m $0.18 warrants expired on October 4th (Sailor, these weren't exercised were they?) and the remaining balance of 815K $0.18 warrants are due to expire on November 13th. If the cash and trade receivables was at $988K at the end of August and the average monthly expenses are still running at $210K/mo ($630/3) then they have about $560K or so in cash as at the end of this month and around $350-400K at the end of the current quarter assuming all the trade/other receivables can be collected promptly. I can only see downward pressure on the share price in light of the imminent need to raise working capital. While they state that they have seen as much 3DGo revenue in the first 2 months of the current quarter that they saw in the reported quarter, it still isn't enough at a 28.5% gross margin. And Rabid, that sound you hear is probably Hedge clearing his throat as he prepares to explain to us why it will all be better next quarter.