Just The Facts, MaamUnfotunately the environment on this board is thinly veiled and purposely intended to gently misdirect or deceive the readers. The question of finances:
As of April 30, the company had $819,000 in cash. Subsequent to the interim financials, they raised another $1,200,000 ($830,000 in the May PP and about $375,000 in the Wanbang milestone). Before anyone jumps on the glaring mistake, the Wanbang payment was in US$ and all figures are rounded up or down for ease of comprehension. That adds up to a little over $2 million. Assuming expenses stayed the same as for last quarter, another $400,000 will be spent thru end of July, making $1.6 million left at that time, or 4 more quarters of operations, taking us thru July 2017. Even if expenses double and increase to $800,000 per quarter, we're still good until the end of the year. So lets put that to rest.
Negotiations: The CEO tells us there are several suitors in the mix, and several have been involved in material transfers and internal testing. How does that translate into "insider greed," "no one is interested," or "main dance partner walked away." Give those heads a shake boys. We're in a great position here IMHO. 1067 is a unique compound with truly company-making attributes and qualities. I'd be disappointed if they didn't explore every avenue or listen to every offer. I'm willing to wait to get the most bang for the buck.