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Catch the Wind Ltd V.CTW



TSXV:CTW - Post by User

Comment by j_harbaughon May 22, 2012 3:45pm
256 Views
Post# 19934729

RE: RE: just load up

RE: RE: just load up

People are in a wait and see pattern for sure. I think they want to see burn rate and how they will deal with financing if needed. I think it's a given that cash burn rate is $3M this quarter meaning they are looking for cash to do mass production and marketing by quarter end, possibly of a non-dilutive type of financing

 

My associates have been in contact with the company's IR squad. What I can confirm is that the AGM in June is being delayed as the leadership team has an important engagement and that the team was meeting up with analysts in Toronto earlier this month. 

 

All this makes for very interesting business. I have a feeling that the Q1 results were sped up to this month, the AGM delayed until the fall and the management team running around like crazy will result in a very different looking company within the next few months. 

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