GREY:TRHIF - Post by User
Comment by
Mully99on Oct 01, 2015 10:36am
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Post# 24153124
RE:3 MILLION IN BANK
RE:3 MILLION IN BANKWhere do you get $3M in the bank? As of June 30th they had roughly $1.9M in cash with a quarterly burn of about $1.3M. These guys are running on fumes and are probably sitting with $500k to $700k in cash at the moment.
Any equity raise at this point would destroy them. My guess is they go private at a price in $0.05 - $0.06 range... if there are any wiling participants