TSXV:CLAS.H - Post by User
Post by
randomtaskon Aug 31, 2021 4:18pm
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Post# 33789454
Whisky aka Lying Lhama
Whisky aka Lying Lhama I know you don't know how to read the financials but you might find this quote from page 18 of the MD&A quite interesting...
"The Company will not be able to continue to operate beyond year-end 2021 unless it is able to raise at least $2.2 million to fund its R&D and G&A expenses for a period of twelve months, because there is not currently sufficient working capital to continue to further fund the Company’s operations without raising additional capital in the near term. Management also plans to raise additional capital through equity or debt financing in the near term to finance at least six months of working capital, which amount will also be sufficient to pay off the 2017 Debenture."