GREY:GDBYF - Post by User
Comment by
GoodTradeon Nov 21, 2019 9:43pm
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Post# 30380700
RE:Stil burn rate
RE:Stil burn ratedead wrong.
they lost 12 mil in Q ending April. Mr. Dussault tells you optimistic figures, but the finances prove otherwise. don't read rumours, read statements. There has been no proof that $7mil sale to Bioscience is happening. Bioscience LLC looks like a shell. Also back in April quarter, they spent 2.5mil on promotion... that is a lot of money to pump the company. They will not bring in anywhere near 30 mil from Dec through Feb, let alone any revenue by end of this year. do not kid yourself.
i would be very weary of a company spending the bulk of their spending on promotion. the pure purpose of that is to prop up the sp, and insiders and pumpers can unload. this is what happened when it hit $1.40 and those shareholders are paying. People who got in the PP are probably shorting so they can cover at 10c, knowing they have a parachute for worst case.
10c is coming.. bank on it.
Uknowit wrote: I have spoken with Jason on this subject and their burn rate is roughly $180 k per month. The next financials will show that to be the case. Significant $ have been spent on work being done on the Nexus and Origin facilities but that is pretty much done now. They still have $10-11 mil in the bank and will be adding close to $7 mil to that this month from sales to Bioscience and Sequoya.
They are not dead, not broke or even close to either. The rest of this month and December will prove that out. They have used their money wisely and will never have to do a raise again. Revenue just starting now and should be close to $30 mil from December through February. That's their next financial quarter.
Additonally, they will be quick to show revenue from November. Once they do they can announce more isolate deals (remember from the last NR "new and existing customers". My understanding is that neutraceutical deals are also in the works.