RE:Cash - Burn rate = RevenueHowdyBob wrote: July 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
Some simple maths you've done there shows that money has to have come from somewhere, you're right.
I see there was a cash raise in July of $2.5m, so that answers for a good chunk of the missing money.
I think it's possible that RQB did another ~$1m in revenue since then from the rooms that are producing, which brings us up to about $4.5m if you add in the cash and receivables in the July report.
Would explain why there's a raise sought now of $1m
I think most posters here, crash included, just want an update on cannabis grown. I agree with some points he makes, I think it's so strange for a company at the very start of it's journey to not be publishing its harvests - ESPECIALLY when the share price is where it is now.
In my experience, no news is not good news, especially when shareholder's confidence is currently in the dumps and all it would take is 1 announcement showing the cannabis harvests to date to return confidence and increase the shareprice.
Cheers