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Bullboard - Stock Discussion Forum dynaCERT Inc. T.DYA

Alternate Symbol(s):  DYFSF

dynaCERT Inc. is a Canada-based cleantech sector company, which specializes in delivering carbon emission reduction technologies to the global diesel engine marketplace. The Company is engaged in the design, engineering, manufacturing, testing, and distribution of a transportable hydrogen generator aftermarket product. Its HydraGEN Technology uses simple electrolysis to turn distilled water... see more

TSX:DYA - Post Discussion

dynaCERT Inc. > New Press Release - dynaCERT Provides Highlights of 4th Quarter 2023
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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 educall on Dec 28, 2023 8:53pm
and the second one raised $954,450.... dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it has completed an additional round of its non-brokered private placement of units (the Offering”) with the issuance of 6,363,001 units for gross proceeds of $954,450. When added to the closing that was completed on ...more  
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.
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