RE:And so it beginsThey burned through $2.2M in past 12 months and had loss of $3.1M according to audited financial statements and the burn was $900k for the quarter ending Sept 30/17 according to the Management Discussion & Analysis report.
Consequently, this might only be enough to get them through next 4 months.... which might be okay if they get EPA approval and things take off .. but who knows... no cushion in case there are setbacks.
It would be much better if they had a well laid out plan they shared with investors of the plan going forward so we had a sense of how much future dilution and how long all of this will take bring in serious revenue. The problem is it seems they have no idea.