RE:Obtained A positionSilentInvest wrote: With hope I was fortunate to obtain a position at $0.09 with 16,000 shares. Are there any new key dates that are coming up for SLC.
Thanks
Keys for SLC
#1.
Report Q1 Earnings at the end of March.
Need to see the burn rate around or below 600k per month and hopefully increased revenue over Q4. Also, important to see how much cash they have / had at the end of the quarter. They were down to 2.1 million at year end and burning 1.8 million a quarter. They were given a loan by an investor (in the neighbourhood of 3.5 million) which can be converted to shares.
#2.
Close the financing
They were seeking 7 million. Approx 3.5 million was given to the company by a strategic investor. It was a loan that can be converted to shares if they close the deal. Without this money there is a very real chance that Slyce will not have the capital to continue it's business through the end of 2016. So, this is another important factor.
#3.
Adding new customers without adding to the burn
One problem with Slyce's business model is the increase in spending that has occurred when they add new clients. They claim to have fixed this problem to some degree. It will be interesting to see how their cost structure looks if they have increased their client roster in Q1.