Dear Mr. Payne....In a recent video (published in Q3) but prior to the release of the financial results for that quarter, you stated unequivocally that dynaCERT would not need or seek additional financing.
As per the Q3 financials, a reasonable estimate of dynaCERT's cash position suggests well under 1 million remains.
On that basis and given the current burn rate, please let shareholders know how it is that you can claim DYA will not need more working capital.
Recent press releases regarding sales do not present any financial information related thereto, rendering it impossible to determine if there is enough gross margin to cover operating expenses beyond the next month or two.
Surely you realize that absent reasonable financial disclosure on matters such as purchase orders, trials and even revenue generating sales, the market has no choice but to discount the value of any products or services the company provides described in these press releases. This is simply historical fact.
So, I strongly suggest that you publish a press release that discloses the company's current cash position along with the net effect these recent announcements will have on the company's balance sheet and income statement.
A follow on question would be to ask how or if any of these mining concerns are seeking protection in the event of a dynaCERT default. How is H2-TEK dealing with these sorts of questions that I am certain form part of any purchase discussions.?