On the Financial side I generalized but if you look deeper:
On May 31st we had $1.540.000 cash and receivables
Assuming a burn rate of hopefully $155.000 = $620.000.
Since we were told many times about the low season we can`t expect much from there.
The same with licencing, lucky if we keep the average.
Now at the end of September we substracr $1.540.000 minus $620.000 gives us $920.000.
That`s asumming a bare minimum living, just the basics, that`s what burn rate is.
If we add:
FOX signing.
Some or most of the Samsung platform.
Re-encoding and re-formating from the new format to address streaming to all devices..
The next week renewal of Universal.
Theatre advertising.
Trips to Europe as mentioned by Routhier.
Plus some other expenses related to new streaming ,Samsung and Intnl launch.
That should give us another nice chunk coming out of the $920.000.
But the main one is:
18. COMMITMENTS
(a) Advances on royalty payments
Under licensing agreements (see note 5), the Company has committed to pay an amount of
$1,404,317 in the form of advances on royalty payments. The Company estimates that a portion
of $968,041 will become payable in the short term and $436,275 will be due within two years and
that an amount of $342,453 will not be recovered by future rental revenues.
If we add this portion, plus the portions above,taking in consideration the not so rosy influx of revenues, we may need a help line much sooner than later.
I stand to be corrected, but if I`m right we would need one prior or right after Q1 Financial release.
I did not take in to account the money needed that Routhier admitted we will on the CC.
Just read the Q/A from RG and it`s all there.
Lots of money and work.
IMHO and correct me if I`m wrong.