RE:Lots to think about hereWhipstocker wrote: Will EXO U have enough money to release next earnings? It does cost money to do so. If not will the stock be halted under securities law and we will be left with no choice but to wait it out for a savour.
Just thinking out loud here...
I myself believe it won't come to this but possible??
Anyone besides Zhanto and nottaclue have any thoughts on this as I have them on ignore?
I quickly went back to look at how much they actually have left in the piggy bank. So they had 375K in bank as of September 30th 2016 + they secured a loan of 379K from investment Quebec + 88K that was invoiced following the release of the financials. So unless I'm missing something else, they have (had) 840K to work with.
So to answer your question, they should have enough to release the financials. IMO these next financials will be key to know if the doors remain open or not since it does state in the November NR that if they can't secure financing OR negotiate a partnership...doors will close. So we're not in great shape but we also aren't dead. We can only hope that there was a plan B for financing. My next questions would be:
1. If a partnership...with whom?
2. How much more work does Ormiboard ver. 2 need...$. R&D costs last quarter were like 250K I think.
3. How much is ormiboard actually worth as a product?