GREY:RVVQF - Post by User
Post by
HowdyBobon Jan 21, 2020 1:04pm
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Post# 30578394
Cash - Burn rate = Revenue
Cash - Burn rate = RevenueJuly 31 report says Cash $750K and receivables $625K - owed from Bonify?
Average monthly burn rate from last 2 quarters ending July 31 2019 = 1.2 million
Average monthly revenue last 2 quarters ending July 31 2019 = $227k per month
Shortfall monthly of just under $1,000,000
Means RQB should have run out of money including receivables roughly = Sept 10 2019
Shortfall to end of Dec 21 2019 roughly $3.6 million
So either revenue has increased or they are not paying their bills. I vote for revenue increasing and now they are cutting costs.
the next 40 days until debenture and q report deadline are going to go by very slow ugh