TSXV:BTI.H - Post by User
Post by
JDavenporton Oct 28, 2022 6:02pm
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Post# 35057076
From the MD&A...
From the MD&A... A couple of quiotes from the MD&A:
From page 2:
"Based on its current cash burn rate, the Company anticipates that its existing cash balance is sufficient to fund operations through approximately October 2022."
Looks like no deal soon. Also from page 2:
"As of September 30, 2022 the Company has a cash balance of $345,197. The Company has been reducing its research activities and deferring payments to its vendors in order to extend its cash. The Company is in discussions with Lind to modify the convertible security funding agreement, add additional repayment holidays, and lend the Company additional funds, in return for modified repayment terms. As of the date of this filing, the modification to the convertible security funding agreement has not been finalized. Additionally, as previously disclosed, the Company continues to pursue and evaluate strategic alternatives with its investment banking partner Ladenburg Thalmann. "
jd