RE:Who is the new clown on this board trying so hard.. Lol - PliskenNYC... you could escape from NY and LA, but obviously not from PAT. How much $$$ are you in for???
The reality is people are reading my posts and these posts are giving them pause. 3 ways out for PAT... another round of investment that dilutes the stock to $0.25, buyout at or below share price or bankruptcy, as numbers of sales/revenue, burnrate and current cash position don't lie.
Did you read the end of year report FY2021? Did you see the $113k in platform revenue, and $1.24m in unrecognized platform contracts? Did you see expected receipts of those platform revenues? $340k to be collected in FY2022 and the remainder $900k over following 2 years FY2023 and FY2024.
You attack me out of fear and/or frustration, but don't give substance, ideas or solutions to cover the remaining FY2022 estimated $10.9m burnrate. (Q2-4, FY2022). $6.5m covered by what in tge bank post Q1. Where's the $4.4m coming from? And how much more do they have to sell per month in remainder 9 months? We don't even know Q1sales for the platform or Xtract.
Anyway... a new Investment round will dilute to $0.25/share. PAT needs $25m minimum for 2year runway. Or Aquisition. Either works.. bankruptcy should not be an option. Nor do I see a $4.4m bank loan coming either. My personal belief is acquisition, so acquiring company can add bench strength to the overall team.
So attack all you want. Try to silence me. Really don't care if you reading my posts, I just want the 60+ non-Stockhouse subscribers to see substance and facts as they look to invest or not. These non-subscribers count more than those chatting on this board... in fact they probably laugh as much as I did. Those are the people I want reading my posts, ideas, thoughts. Those 60+ people without a profile. Much like me these past 10 month.