RE: RE: RE: Cash position ?? Looking at financials I see
19,000,000 warrants @ 0.10 ($1,900,000 upon exercise)
6,555,000 options @ 0.11 ($721,050 upon exercise)
The company lost $586,706 for the 9 months ended Sep 30.
If all options and warrants are exercised the company would then have over 100 million shares outstanding with about $2.5m in cash. Market cap would be over $35 million fully diluted by my calculations at 35c.
I look forward to their updated financials which will really show how much cash the company is currently sitting on ...
The market seems to be pricing in a massive amount of sales going forward considering the rapid market cap increase of late for the stock and considering the company was trading at only 4c back on the 18th January, now trading over 8 times that share price at 35c.
Good luck to all
DYOR.