RE:RE:RE:RE:RE:RE:Canadian Small/Micro Cap Top picks for 2021SunsetGrill wrote: NO - not a big difference at all. AND they dont have enough money for 12-18 mos.
Such a big difference - how come NO sales??
Banderas1209 wrote: The VMS3.0 is not out for 10 years!
they exist 10 years and you know the first 2 where far from great and user friendly
VMS 3.0 is really operational since 2020
big difference
Either way if nothing happens the next 12-18 months I will give the credits but I still believe in it
'Correct.
'They had cash on hand of ~295k in September, and IF they could convert AR etc 400k
Based on a burn rate of 80k- they would be expected to be insolvent by next month-unless they get more cash.
'This is based on published financials.
"The Company’s use of cash at present occurs, and in the future will occur, principally in two areas, namely, funding of its general and administrative expenditures and funding of its development and commercialization activities. For fiscal 2020, the Company’s expected operating expenses are estimated to average $80,000 per month for recurring operating costs. The Company has no development commitments on its property interests over the next 12 months. Management may reassess its planned expenditures based on the Company’s working capital resources, the scope work required to advance exploration on its projects and the overall condition of the financial markets.
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VENTRIPOINT DIAGNOSTICS LTD.
Management’s Discussion & Analysis – Quarterly Highlights Three and Nine Months Ended September 30, 2020
Dated November 30, 2020
The Company’s working capital deficiency of $1,462,507 at September 30, 2020, (December 31, 2019 - working capital deficiency of $1,739,658), and is not sufficient to satisfy current liabilities and general and administrative costs for it to continue operations for the twelve-month period ending September 30, 2020"
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