RE:RE:RE:Financials out on SEDARJust no.
Best case senario - they have enough cash for 2 quarters (6 months) and they are already 2 months in. Takes time to run an public offering and GA will not take the chance that they run out of time before money.
People should be expecting one within a month.
Annayya wrote: That's enough cash to prevent another PP for up to Q2, allowing sufficient time for SP to rise over 50 cents bringing in money from warrants and further delaying the PP and dilution. Really hoping that the sales start generating enough revenue by then to eliminate PPs forever.
fiveniner wrote:
Good news?
$2.25 million in cash.
Bad news?
$1.179 million in operating expenses.
Ruh, roh!