Post by
steveM45 on Apr 29, 2022 5:27pm
ER Proves Cash & Time is Running Out
everything is now up to Mikra to save them as they cannot raise funds, or even cash their paychecks received in the form of options and free shares.
Given that every one of their business venture has failed to-date, getting into a whole new industry with zero experience gives them about a 0 - 1% chance of surviving beyond this year.
This is why they had to switch stock promotion companies as the last one was not working out. Maybe these new guys can pump better.
Comment by
Joe455 on Apr 29, 2022 5:36pm
Don't they have 10 million in cash?
Comment by
randomtask on Apr 29, 2022 5:55pm
they had $9M end of February but burn and additional mikra marketing should have them well below $5M currently. We all know cellf sales are bust and labs/roilty added no substantial material revenue or gross profit. the PE sale closed January which is included in these financials Capital raise is mathematically inevitable, any week now :)
Comment by
steveM45 on May 02, 2022 1:56pm
9mil left with a 5mil/qtr burn rate...selling more assets, layoffs, more paycuts or dilution are the only things that can prolong their death spiral.