9 business day … tick tock… .. Tick tock, and so runs down the investment clock before Q1/FY2022 report.
Per me earlier post...and purely based on no news flow or sales announcement on Platform or AI sales since June 2021, here are my projection for start of February 1, 2022 / Q3, FY2022...since Q2 is pretty much over by mid December.
Here's what I think we'll see...
FEB 1, 2022 BANK BALANCE:
$9.7M on July 31, 2021,
- $3.5M for Q1 burn,
- $1.2M for November. Q2
Sub-Total $5M starting Dec 1.
- $1.0M for December. Q2
- $1.0M for January. Q2
TOTAL BALANCE: $3.00M (February 1, 2022/Q3)
Now...again, my projections based on few social posts and zero sales announcements...
ADD NEW REVENUES
+ $400K in February from Raytheon/Q2 reimbursement
+ $100K Q1 sales revenue (personal projection).
+ $100K in Q2 revenue, as contracts for Q1 & Q2 bring revenue throughout year
+ $175K from FY2021 MD&A ($345,000 over 12 months during FY2022)
TOTAL: $775k REVENUES
So, here is my final total for beginning of Q3
FEBRUARY 1, 2022 BALANCE
$3.00m Bank Account
+ $775k new revenues
TOTAL: $3.775M
Desperately in need of investment... and much sooner than later.