RE:RE:The Lights What about the $1 million for the private placement? The other issues are what was the money spent on for each quarter and are they all continuous costs? That is, what is the "actual" amount of money to operate the necessities or as you like to describe it "keep the lights on"?
Those "accounting" questions are extremely important to creating an honest overview of the situation. I'm not suggesting you're mistaken but that there may be some serious gaps in your forecast.
* ~ $340 thousand in cash available starting January 1st
* $1 million for the private placement
* ~ $1 million contracts December or January? some ambiguity here so leave it out of the equation
* $850 thousand contract (renewed) - some of this is profit (available cash for operations)?
* $240 thousand today
Do they need and do we as shareholders want more $1 million contracts? Of course, but in the meantime are things as dire as you paint? Just asking ....not trying to pump or bash!
GLTY ...and GLTE holding patiently!!!