RevenueHello FarmerI4
I am the poster that you are refering to in your post.
I believe whatever you do with your stock is your own business. Differing opinions is what makes a market.
And I think no one would disagree with you that this company needs to increase sales this year and beyond.
I just wanted to clear up that I got those figures from the last prospectus which assumes conservatively that with no increase in revenue ie (the previous years
sales) and no further cost cuts other than those mentioned already, their cash will last until about the end of Q3.
So its Q4 and beyond that they need to generate 6 million per Q on average to break even for the year.
So we really have 3 Quarters to ramp up revenue to that level.
And with the job Raouf and the rest of S7 have done so far and the indication that they are going to need several more employees in the near future the writing is on the wall.
So your following post is inaccurate and is based on faulty assumptions.
From your previous post
However, another poster has mentioned that cash should be good to end of Q3 (approx 12 months from Sept 30 company prospectus). This leaves 3 months of question marks... So unless they can hit sales of $6 million per Q over the first three Q's(which could be possible), there could be some issues.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.sev&postid=25814409#QLXqxxIbvXH6DL6p.99