RE:RE:RE:RE:RE:RE:Cash PositionTheir past news releases indicate that they will do a financing in sync with an expanded irrevocable contract to enhance production.
Someone posted here some time back that their run rate was about $350,000.00 per month and their current licensing income is about $300,000.00 per month.
Of note the AVERAGE share price of VLNS, LABS, NEPT is $1.85 10% = 0.185c CDN
Personally, that makes sense to me as it has been at that % since the summer of 2019. I suspect that % will shift upwards with contracts and production. Only time can tell us what that % might be. It will be largely dependant on through-put and margins which is anticipated to be better than good.
News Releases right now are absolutely pointless. People are lined up at Costco not buying anything but two weeks of essentials.
However, if OILS wants to capture some of the trillions floating in North America unassigned to any investment they will need to bring information forward in the last week of March and the first weeks of April if they want to see respectable share price increase and an enhancement financing higher then previous financings.
JMHO