RE:RE:RE:RE:RE:Free money form RAYTHEON = bad?Yep. Been watching the bashers and promoters for a while. I jump in when the needs to be a dose of reality and facts added to the board.
$6.9M left in back
- Raytheon $2M is spent, and used for offsetting Q1 FY2022 operating expenses
- Little sales announced during Q2, FY2022 - which ended January 31, 2022
- March 15 is PAT's Q2 FY2022 MD&A Due Date - TSX company (not venture co.) - 45 day reportinging window.
- Burn rate per quarter has been around $3m-3.5M, except Q1 FY2022, when Raytheon's $1.8M was used to reduce this operating expense.
Leaving. $6.9M Cash (Q1,FY22/October 31, 2021)
- Less $3.0M Operating Expense Projection (Q2,FY22/January 31, 2021)
Remaining: $3.9M Cash (January 31, 2021)
- Less $1.5M Operating (Jan - March 15, 2022) - 1 1/2 months into Q3, FY2022
Remaining: $2.4M (projected as of March 15, 2022)
Plus +++ Any Sales. $$$ during Q2 / Q3, FY2022...say its $600K in Sales....That's 3X the Security Tech Sales ($182K) from all of FY2021
Leaves $3M Cash as of March 15, 2022
Again...it is all based on what Sales we completed and deployed in Q2 and first half of Q3 (March 15)