Post by PressRelease on Dec 28, 2023 5:01am
New Press Release - dynaCERT Provides Highlights of 4th Quarter 2023
Comment by
SIMPLICITI1 on Dec 28, 2023 6:14am
So, they raised $6 million, and paid back $2 million plus interest which left them with $3.? million. Now out of that they've earmarked at least $500K to go to CN. So let's say that ended up with $3 million from which they had Accounts Payable of say another $1.5 million that was past due. Two months from now they will be broke......again.....
Comment by
educall on Dec 28, 2023 11:05am
The press release states "the total gross proceeds from these private placements to date is $3,855,233." - not 6 million...am I missing something?
Comment by
SIMPLICITI1 on Dec 28, 2023 11:13am
Yes you are! there were two tranches, with the first one a few weeks ago at $2.9 million
Comment by
lscfa on Dec 28, 2023 11:02am
Corp overhead is about $5M/yr. To break even co. must sell $10M/yr of equip. To justify $0.20 stock price co. must sell $20M/yr. of equip.