RE:RE:RE:RE:RE:Imagine Burning $50,000 Of Cash Each Day!MrForthright wrote: Based on the last quarterly results, $3 million should last 60 days. Comforting, isn't it?
Agreed, and you doubtless meant 60 days from the closing date, which was July 21st.
During Q1 the company closed a $5 million placement and received a $2 million payment from Drosrite, and ended the quarter with a $3.2 million deficit.
So far this quarter they've closed a $3 million financing and brought in an $800,000 deposit for an order.
This company is running on fumes.
I doubt there have been any other incremental revenues.
Pyrogenesis tends to make an announcement every time the company brings in a dollar.