Fumes? Come On..ever hear of a Bridge Loan?
Whoever here is fgreaking out because they think Spectra7 will run out of funds, relax a bit...
While the Company handles finalizing the $10 Million capital raise, with the fact that they have multiple contracts signed for a revenure ramp this year, they can simply take a a Bridge Loan to cover expenses until the main financing gets funded.
Bridge Loans do carry high interest, but they are quick, hard-money loans that can be quickly funded for just this reason, then they can be paid back as soon as the Capital Raise is complete.
They can borrow just the amount needed to fund operations through June if they want. That's only about $500,000.
Easy, quick, simple.