Best part of being infinite’s by promoters… They don't really see the facts presented by true investors ... numbers, data, facts ... the better inform investors who are on the fence. I have my lot of shares, not looking to add more. But if dilutive investment doesn't come in 30 days, it will be a closed down going/ out of business sale by end of May.
Glad to hear many of you have these numbers, and based on the very nebulous, innuendoe'd webinar today, I'm sure you all have a gut feeling. I'd say follow your gut on this one.
Go back, look at history. It often repeats itself. How similar and dissimilar was this shareholder webinar from the 3 or 4 in the past?
A year in with PE and we have $5.7m in sales from 12 platform clients with payment over 3 years ($2.7m) and 7 Xtract contracts for $3m over probably 2 year payout. Burn rate a year is $12-13m on current revenues of $2.4m a year, and only $6.98M in cash.... these numbers don't lie, nor do they breakeven.
A hell of a lot more Xtract contracts needed (but Datametrex seem to be snatching those right up) and a hell of a lot of platform sales are needed (Evolv is still snatching those up)
Potential clients beating down PATs doors? Where... I see 12 and various divisions of the Canadian government with 7 AI projects..
If I was going to drop a dilutive capital investment of $50m with the outstanding 160m+ shares, I'd let this drop on March 15, and then come in. I'd know I'd get a deal of the century at $0.35-0.40per share and then can ride it up... tgatcwould dilute it another 120-130m and I've be sitting pretty owning 35% of PAT... making some changes along the way.
Mark your calendars... March 15, we'll see $4.5m-5m in bank and projected sales from Q2close ( for end of Jan 31). But by March 15 there will be another $1.5m burned. Leaving $3m cash PLUS ANY NEW SALES, not including the $5.7m sales with 24-36 month payouts referenced above.
I am surprised this doesn't worry more people. That investment prospectus has been out there since November with a refresh in January.
This needs #1 PRIORITY, and not a side bar discussion / shareholder driven question in a shareholder webinar. What am I missing???