TSXV:POI.H - Post by User
Post by
StyllLerningon Jun 29, 2016 9:07am
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Post# 25007803
Financials
Financials
Well, the $764 332 was slightly more than I projected, but the expenses were much higher as well.
Cash balance at April 30 was ~1.5 M with another $750 K added via the convertible debentures. We are 2/3 of the way through Q3 and that cash has to be almost gone. The company has some positive things going on from a growth perspective, but they are in real trouble financially. All the contracts in the world will mean nothing if the cash runs out.
So big answer I'm looking for in today's conference call is where will the money come from?