RE:RE:RE:Let’s see who actually cares?I would be happy if they can break even. Say at least $1.5 million with a couple 100k in reduced costs would be a good start. Start to show the market they are self sufficient operationally and can grow the business. This would help improve the share price and future financing would be an option not a necessity at a higher level for sales and marketing not for day to day operations.
A steady $2k per quarter or $8k a year at break even starts to value the company at $40-60 million which is approx $0.40-60 a share. That's the steady growth we need. Might be a couple more quarters to get there but if they aren't desperate for cash its a good sign.
Get the share price up and maybe some of the warrants get exercised and that brings in more cash too. There are 10,800,000 warrants issued March 2022 expiring March 2026 at $0.2206. That would bring in $2.4 million. Show the market you are break even and growing, raises the share price, keep it going and if the share price gets high enough you bring in extra cash from warrants.
Just keep swimming, just keep swimming and don't respond to detractors and no point in bothering with new releases if the reults are there.
Now if they don't hit break even and revenue is dropping well thats a whole different story . No covid or a new Care deal to bring in revenues this go around.
brad129 wrote: 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.