StageZero Life Sciences Ltd T.SZLS

Convertible Debentures $200,000 CAD

[LithLover]

The news release was in USD.  Hence the $177,000 amount.  The total is $200,000 CAD for those wondering why it was such a strange amount.

“Offering” means private placement pursuant to which the Corporation will issue up to 200 units, each of which is comprised of (i) $1,000 in principal amount of 8% unsecured convertible debentures, and (ii) 9,090 common share purchase warrants, up to an aggregate value of CAD$200,000;


Cash on hand June 30, 2022 $90,626.

Expenses for Q2: $1,191,935 or $639,978 per month or $21,000 per day.

[Liked2Think]

Its nice to think they dont need anymore money but that doesnt fly with what Tripp said in the CC about throwing more money at marketing to do this. So how do you know the $200k is because they dont need anymore rather than it only being $200K because thats all they could get? There is no proof that backs up one way or the other.

[LithLover]

From Dec 2021 to March 2022 cash ending balances were $1,724,724 to $609,212 with a $1.87 million PP in Feb/March.   Cash used $2,985,512 From March 2022 to June 2022 the cash ending balances were $609,212 to $90,626.  No financing, cash used $518,593. June cash ending $90,626 with financing of $200,000.  2 months almost gone out of the 3 month quarter and lokks like cash

[Mykndrsn]

This is waaaaaay over L2T's head. He can barely count. 

[Liked2Think]

so you see nothing wrong with spending 1.2M less but only making $100K more? To me it just looks like they were spending like no tomorrow, realized they werent making enough money and have been in cost cutting mode even though they admit you need to spend money to get this thing to work and market it. you have no idea if the company is cash flow positive or close to it. you would have no way of

[NewToInvesting7]

Absolutely nothing wrong with spending $1.2m less and 'only' making $100k of additional revenues.  That's a net +$1.3m to net income.  And for a company that's as small as StageZero, a company that currently generates such a small amount of revenues, that a massive change. I doubt the company is cash flow positive.  Can't see it being so until mid-late 2023 the

[Mykndrsn]

You're new here. Replying to L2T is like having an intelligent conversation with your goldfish.

[Liked2Think]

Goldfish is smart too meanie head   quote=Mykndrsn]You're new here. Replying to L2T is like having an intelligent conversation with your goldfish. [/quote]  

[4real4ever]

Now I understand why they didn't told any numbers about Aristotle's sale it's because they make too much money   Same reason why they did a low financing of $177k they make to much money