RE:We did however learn 2 new things.... Payne stated at the AGM they had "over $11m cash". This is down from $13.5m cash at the end of Q2, meaning they burned another $2.5 in the current quarter. At this rate they will be out of cash / need to do a raise in about 12 months.
Eric Sprott's 14m warrants are about to expire worthless at the end of November. I wonder if Jim will re-price them and further dilute shareholders. We'll find out next month probably.
DANTEandDynaDUD wrote: Payne Has a VISION. Yup.....! Betcha that makes ya feel better. The ole SP ought to ROCKET based on that information eh. Probably rocket down to 7 cents.
And his Current Vision is that they have enough money...... to continue to PAY themselves for another 18 months with no Sales. How's that grab ya. That gives us a DATE to mark in the Calendar .....when they finally Close the doors.