TSXV:ART.H - Post by User
Comment by
Maxmoeon Dec 23, 2020 1:08pm
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Post# 32170210
RE:RE:RE:Screw it, I’ll buy a bit more
RE:RE:RE:Screw it, I’ll buy a bit moreKindest sir, when I say they need money I don't mean change for the coffee machine. $1 million in the bank is not a bad thing but it's not going to cover the cash flow burn for more than one quarter, maybe two. The last quarter they raised $2 million which covered the losses for 2 quarters. Which is fine, but not what art needs. They need to strike with a huge push ASAP before they are forgotten in the dust. They need Tesla money, early days, not the billions they raise now. It's chicken vs egg because they need a big pop in stock price and market cap to get serious money interested to enable a serious raise. Like $50 million.
Whythenot wrote: Sir. If you recall in Q3 they had $1.1mln in cash and don't quote me I'm just going off memory I will confirm again but they had approx $1.8mln in AR + deferred revenue ... that was end of Q3.
I honestly believe we are going to skim $4m this year. If not $4m than $3.8mln.