Lights On, Crude Calculations.Q1 and 2 of this year 3.5 million per quarter average expenses.
4.9 million revs Q1 & 2 or 2,450,000 per quarter average
First 6 months of the year burn rate 750,000 / month
3.5 million in cash end of June
If cash burn remains the same at 750,000 / month they have 1,250,000 plus the 700,000 of options money so lets call it 2 million minimum at Nov 30 as I have to assume they tightened the belt some.
Lets assume Q3 revs come in at that 2.4 average along with approx 2 million in cash.
I said it Before Q3 top line is the most important quarterly for us ever imo.
We need an upside surprise.
When the 3 plus million form GBLC gets paid for EV is a wild card....if the deal even gets finalized, how is GBLC paying the cash part of the deal??
Exercising the 5 cent options is also a wild card. Without these options we should make it into Jan is my guess after that I'm not sure.