@ RATJune 30, 2021
$1.3MM
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Burn Rate
$550,000/qtr = $185,000/mo.
Therefore, end of Sept. about $800,000 left in the tank.
Should be under $500,000 left by the AGM.
A 5 MM share PP at $0.65 to refill the tank wouldn't be out of the question. ($3MM+)
And it wouldn't materially affect dilution (about 3%)
Easy enough to add 3% to your holdings to maintain your %ge ownership of the enterprise.
And they would have 1-1 1/2 yrs of run room, with some to spare.
The FB crowd has about 1000 members.
$3000-$3500 bites by that group would do it.
And of course there's the individuals that soaked up 40MM+ shares from 3Db that might want to grab a bit to top things up given that the Company continues to advance with it's dancing partners well beyond what was anticipated back in the Spring, Summer, Fall 2020, Winter, Spring, Summer, quarters of 2021.
A 3% dilution only means that instead of achieving $10.30, it only gets to $10.00 (on the buyout).
I could live with that.