RE:RE:Let’s see who actually cares? That's a great observation which is why I made another purchase(we haven't seen any financing) but didn't answer what would make you personally happy? 1.6 in revenue would put a large smile on my face and have a great WOW factor on the Shareprice. I hope that option is what is happening, and so far I can admit I have been wrong on all previous predictions but sooner or later I hope my intuition is correct.
LithLover wrote: I've posted about it before. In Q3 they had $90k in cash in June and added $177k in financing in Aug. They had a montrhly burn rate of $640k. So cash of $267k before revenue and a burn rate of $1.9 million. A shortfall of at least $1.65 million.
So it's 1 of these 3 options or a combination:
1) Revenue $1.6 million or more for the quarter
2) Expenses reduced by $600k or more
3) Additional Convertible Debenture private placement or financing by insiders. (Nothing filed so unlike the Aug 18 announcement where are the funds?).
In fact add another month (October) at a burn rate of $640k. They would have a cummulative shortfall of $2.3 million since July 1. Revenues would need to be $600k a month and growing or reduced expenses or more financing but they would have ran out of cash by now.
Why would they only raised 177k back in August supposedly knowing they would just need more unless they expected revenues to climb and/or had reduced the burn rate?
brad129 wrote: Revenue in the last quarter was about 1 million, what would it take for anyone to say this is moving in the right direction? A negative tho that baseline shows we are going in the wrong way. But let's here what would make you happy? we know there are people here that want nothing but complete failure but some actually believe and want the company to succeed. Anyone willing to put a number out? Mine is 1.2-1.5 the higher in that range the better I see adoption of our services.