RE:RE:RE:RE:RE:RE:RE:Please leave Simon.$200,000 burn rate a month.
I was told....They had 1.7 mill in the bank Aug 1st/14. Since August and now, we have burned thru $800 grand (4 months). Leaving $900 grand. But they collected 1.3 million in hard cash last month (someone wanted in) So the balance is above $2 million. I see no issues. Kiril mentioned to me that the prototype could be financed by Geomega even at the current market conditions.....this was when we were at .15 cents.
We are well financed and ready to go. We just need news.....but it needs to be done properly.
There's no second chances in these markets.
I think next week it starts and this board will be busy.