Financials anyone? Cash runway?
Just working through the financials , and calculating liquidity and cash burn
Would love to have others insights so I can learn
I am here because I heard about the company on another board, and put in the work to learn so I benefit in my growth as an investor continuing to analyze, since there aren’t any analysts following and it’s a chance to work through the financials
So...
If Net cash used in operating activities 1,974,232 from cash flow statement over last 6 months the monthly cash burn rate is approximately $329,039.
Cash and cash equivalents $305,615 from June 30,2024
So, the cash will last for approximately 0.93 months, or roughly 28 days, if there is no further revenue so in August -how could they operate?
Going back to the financing update on July 2,2024 :” further to Ventripoint’s press release dated May 13, 2024 announcing the closing of the first tranche of the previously announced non-brokered private placement (the “Offering”) of unsecured debentures (“Debentures”) which raised gross proceeds of $941,000, Ventripoint is pleased to announce it has closed the second tranche of the Offering with gross proceeds of $184,000.
In total, Ventripoint raised an aggregate of $1,125,000 pursuant to both tranches of the Offering.”
2024-07-02 | Ventripoint Announces Closing of Second Tranche of Non-Brokered Convertible Debenture Private Placement and the Extension of the Offering | TSXV:VPT | Press Release
So how much of this was included or not?
On June 30 financials 1,004,457 was the net cash that included the 1,125,000 Issuance of convertible debentures
So I would think that unless any sales came in or additional revenue that the well is dry or almost dry without the financing ?
Any thoughts apredicated
This is for entertainment and education-mine mostly
Do your own due diligence.
Talk to your financial advisor which I as, not and dont trust my advice, nor anyone on a stock