From My Understanding of the September 1 2020
press release the company through the transference of the Dugalas warrants priced at $1.12 and .36 warrants along with another $359 or thereabouts had roughly 3.7 million plus in the treasury that is going back 1 and a half years ago and since there has been no raises although it is quite likely as people have been saying the company must be depleting its cash reserves and may in fact be due for an injection unless funds through sales are realized. Now my thinking is like someone else who posted this either the company has calculated getting another shot through the non dilution of the Selten deal or has to be realizing some sort of revenue or must be close to it otherwise with burn rates over 1 and a half years it will most likely need to do a raise soon. Now either there is money in terms of the coming financial if not or monies close at hand in terms of Selten and if not there will most likely need to be a raise soon which I am not at all discounting. The bottom line is the company can not afford to go through this year without any sales and I am not talking about dilution because sure it can I am talking about pulling its credibility out of the fire and finally putting all this bs of having nothing scam Witch Hunt to rest and it has to do so. As I said my patience for 0 revenue is quite thin as well although as I have strongly stated I don't at all fault Rich on not being able to deliver despite his enthusiasm there was and has been a global slow down for fkc sakes aimed directly to the person with his head up his stubborn a@@ and needs to take it out of there. Now either this company after at least one year collaboration with the big three some of who is closer two plus forget who is who here does not draw a single penny from such collaborations will be unheard for me and I will be annoyed not only with nxo but more with the big 3 for a very simple reason if you are not going to utilize a preferred partner and that too after over a year you have effectively wasted their as well as by extension their shareholders time. Sure we can say that as a preferred partner there were other opportunities but so far those were with others who have to get their house in order before anything meaningful will come of it such as the case with Pristine more so than Flextek. In any case, I don't know of any long term collaboration as like this where a company walked away with 0 sales from those they have collaborated with and the reason I am saying as far as I am concerned it is impossible for that in my eyes to happen. Having said this I have also said the extent to what the collaboration means monetarily speaking is hard to predict. Despite working over a year with Lockheed Martin and winning contracts IBC Advanced Alloys contract wins was disappointingly small. It had at best split some contracts from one of Lockheeds supplier Materion. Lockheed has more than one supplier and as a result the contract awards were quite small and long between earning them they were like 1.5 to 2.1 million and there were long cycles between them and something IBC couldn't bank on alone so it may well be these may be to that extent or they may not be that is for time to tell. Nevertheless after such a long time in collaborating again I see it as impossible for getting 0 contracts and given that there is a bigger mass consumption need in cells vs specialty parts for limited fighter jets I will say that the revenue for the phones etc will most likely be way more than the few IBC contracts even so it will not be easy to get a beat on earnings until they start to come out and we see their pattern. Bottom line WHEN not IF revenue comes. I will only speak of one person because like I said if that person wants to cross the line with me I will say he needs to get his head out of his a$$ and will see just how wrong he will end up being. I don't care to be right to prove him wrong but I will not tolerate his stupidity when all the reasons are there. Now IF on the very unlikely probability I am wrong...I have clearly stated I am waiting for the last quarter this year to see that I am not, I guess I eat crow learn my lesson and will openly say Snake I am sorry you were right all along and this is a promise whether it means anything to him or not. I can't afford to be wrong with my assessments I can't waste my time and so I will as I said continue to strategically trade as planned. I have no plans to trade out until I get what I want from here or years end if I am wrong that is how stubbornly steadfast I am just as I see Snake is. Again one of us will be right I don't honestly care to prove a point it isn't about that it is about me getting what I want and need to keep moving forward hitting key milestones and being happy to do so however by logic by experience and by intuition I have said what I have it is not and will not be IF until and otherwise proven by years end. The probability of 0 revenue to that point as I said and maintain is as close to 0 as it can be from my perspective. I have given $2 to $5 plus this year and stand more strongly than ever behind it. The past is the past. The company is now going into the third cycle 9 months of undisclosed revenues I can't see it going over another 2 at most so 3rd quarter should have cell revenue if not sooner. It is way too long past a year and a quarter as far as I am concerned so as far as cell phone goes I would allow for that many quarters But it doesn't mean other revenue will not be realized sooner should any revenue be realized for cell as late as I have said...this is the third cycle...I am saying 5 is outside fair especially looking at when the phones likely launched and to gain traction. We know by the looks of it due to slow down things have been delayed but getting done slowly and surely. I don't know what will come this financials however I have ruled out cell revenue as what I have said I am ruling it out for a year plus the extra quarter although if it does come I will not be surprised if it doesn't I will not be up in arms as I have factored all the way to 3rd quarter this year beyond getting late last quarter let's see where the share value is at.