GREY:CNTTQ - Post by User
Comment by
myfistyourbutt on Nov 28, 2019 1:16pm
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Post# 30402709
RE:RE:RE:cash?
RE:RE:RE:cash? I was reading they were burning roughly $250,000 a day when first shut down. I assume that has drastically changed with layoffs and production stoppage. Also I believe that $195 mill is US is it not?
I'd say they have at least $100 mill left. Being conservative.
Stalkhouse wrote: Another 25.5 mill was raised during that PP after options were fully exercised so 195.5 mill less fees and PP related expenses...and 10 mill cash burn is likely not ongoing given they've layed 180 people off and are not "growing" presently...but i get your angle...partial unsnap???