OTCPK:EUCTF - Post by User
Comment by
Joseph_Kon Aug 02, 2017 4:40pm
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Post# 26540161
RE:Raptorman 2013, a case study
RE:Raptorman 2013, a case studyHa ha, I don't know if it helps, but I read it so 5 more cents to you I guess for another read of a paid post.
Does anyone want to share guesses for how much cash the company had left at the end of June, when they report at the end of August?
My guess was somewhere between $8M and $8.5M. Which would have equated to 9.4 to 8.9 cents per share.
I suppose that might be why the bids at 9 cents are evaporating. If the company was worth 9c++ at the end of June, what will they be worth with another month of burn rate under their belts now, or another 2 months of burn by the end of August?
These guys desperately need to put out a news release about a profitable sale of even a single XwinSys unit. This might restore a bit of hope for the future and start allowing for some credit for the technology they have been developing these past few years. Or perhaps just sell everything. Put the company up for sale and end the destruction of all of the cash they once had from their GFI sale.
I doubt Doron or Bruce would be willing to put an end to their cash cow, but all of the rest of the shareholders should probably be demanding it. Of course, that is the opinion of a non-shareholder. I might be again soon though, when or if the company starts hitting new 52 week lows.