RE:Reading ChartsRegarding your questioning cash...
They had nothing really for money end of the year March 31st yet still have not had to do a financing based on raising fund from options and warrants and now clearly revenue has to be coming in to the company or else they would need a fund raise. That is what I bring from it all. Its not what Lisa says its simply looking at the cash position logically.
Additionally if anyone thinks they are on an anual burn rate for R&D of 5 Million you are not looking at this logically. Clearly the company needs to cut back on costs as they do not have the funds so costs are being cut and revenue is flowing in.
To me that was no webinar it was an info mercial and my guess is that the OB numbers now are low and they will actually ramp up drastically in Nov and Dec is what they forsee. But I could be wrong. But one day if they are rolling in you can bet that Lisa will be more than happy to tell us monthly that they are now at 15000 and the next month 18000 etc. It will come. So why not now? Because there is a reason not too. But its my theory.
I had to eat my words over a year ago now but as an investor in a company one wants to find CEO's that have strategic leadership qualities. Strategic Leaders are the leaders of great companies that grow sustainably. They possess a Vision but they also possess a Management capacity to achieve that vision. Its not that common. But I saw it in Lisa based on what was happening in the past. Unfortunately it appeared that it wasn't happening but it appears to be back on track. What they are doing takes a management capacity. To take this vision and roll it out country wide is very dynamic. It will take a lot of forsight and capacity to see problems and manage them.
They all have been given a gift of another shot at this and it appears they are doing their best to make it all work. The share count has not risen in the last week so the warrant holders don't believe and they are going to expire. But if they are having money problems then it would have been shown a long time ago as they had nothing for cash April 1st of 2019. So from my inference revenue has been coming in and costs have been cut to be more in line with 2018 and thus Less Stock Based Comp and much lower Consulting and management fees they are in line with about 1.5 million a Q in expenses. Or it might even be less. But my point is they haven't rasised so they have money coming from somewhere but additionally they can't keep the burn rate as it was or it simply does not compute.
Chart update from my end....Pretty bullish reversal on Friday.
RHT Chart Link