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Catch the Wind Ltd V.CTW



TSXV:CTW - Post by User

Comment by j_harbaughon May 23, 2012 9:16am
253 Views
Post# 19936496

RE: risk reward

RE: risk reward

We will know better tonight once the numbers come out. Keep in mind that the burn rate has come way down thanks to the company getting rid of Rogers and OADS, their billing practices and their jet and their R&D costs will decline thanks to having a completed product. Their breakeven has been stated to be about $4-$5M a quarter.  So they will need a financing but we shall see how great. I am hoping they can swing some kind of non-dilutive instrument because they have about 100 units ordered but not yet shipped which means they have $10M out there just waiting for them. If they can borrow $8M against that $10M, send most of that money to Sanmina-SCI to build and ship the things, the rest for G&A, collect their $10M then pay back the $8M, they just pocketed $2M to add back to the balance sheet or pump into R&D for Vindicator G3.

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