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Many Bright Ideas Technologies Inc V.MBI.H

Alternate Symbol(s):  MBGNF

Many Bright Ideas Technologies Inc. is a Canada-based company. The Company is focused on commercializing alternative non-medical technologies. The Company has not generated any revenue.


TSXV:MBI.H - Post by User

Post by Stockhouseexperton Jun 16, 2014 11:41pm
184 Views
Post# 22665410

Eek the runway is getting short. Cut and paste.

Eek the runway is getting short. Cut and paste.

 

General and administrative expenses were $72,821 for the three months ended March 31, 2014 

Liquidity and Capital Resources

At March 31, 2014, MBI had cash and equivalents totalling $129,409 and working capital of $40,842 

As a result of MBI's current cash position, management has decreased their compensation to provide an extended runway to the anticipated commercialization of GeneFx Lung and receipt from Precision of the $500,000 milestone payment noted above.

The funds are in US dollars, converted will buy 1 more months rent 
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