TSXV:YDX.H - Post by User
Comment by
FarmerInvestor4on Jan 29, 2017 12:50am
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Post# 25769016
RE:RE:Another success project
RE:RE:Another success projectTheBellTolls wrote: Cool project but not sure how much money it has generated for the Company. We need to find out what the cash burn rate is. Nap predicate everyone's input but cash burn rate will be a great indicator if we are doing a financing soon
Look up financials on Sedar. Company YTD would be cash profitable based on operations alone. They are in a loss position at the moment because the reverse take over and the cost to list on stock exchange was approx 2.5 million
They also have 22 million warrants issued to initial shareholders that expire in 2018. These warrants are all at $0.35 exercise price and will generate $7.7 million in cash to the company once exercised.
This was mentioned in previous posts.
Good Luck!
FI4