GREY:ICOTF - Post by User
Comment by
Steve888on Jun 04, 2018 7:23pm
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Post# 28123093
RE:Banko or Dilution???
RE:Banko or Dilution???Hey, Rocketred, I have seen so many posts by you recently. I know you disagree with the following comments by Hotofftheptess. Could you share your thoughts on how and where ICO getting the money to keep the company going? Good luck to you.
Hotoffthepress wrote: $632K in cash as of March 31st but bured $414K in R&D in Q1 with a mention R&D expenses to grow? That leaves them a $215K in another 4 weeks (end of Q2) .... that leaves about 6 weeks of cash or until mid August. Sure there's a hopeful $200K in R&D credits, but when will it arrive, if at all? Who's gonna finance a 3.5 cent company? Probably would have to issue millions of shares at a couple pennies?? Not trying to be negative here, I would invest if they had another $2 million in the bank - but they don't. It doesn't get any riskier for current Investors .... they need a Hail Mary! Good luck, I think I'll pass.