RE:RE:RE:THE BEAN COUNTERS HAVE SPOKENThank you ThinkBig. The first item is very pertinent regarding my discussion about the way that some dismiss the balance sheet. And IMO that item should have been updated as opposed to been carried as a cut-and-pasted for so long. The udpate could have been based on the June 2024 news release, or updated if there were changes. Excerpt of that news release includes:
"The outstanding amount now due is approximately CAD$6.2 million (USD$4.5 million) plus storage fees. Of this amount, approximately CAD$1.375 million (USD$1 million) has been postponed to 2025 to match the delivery of spare parts. Once the payment of the remaining balance due of approximately CAD$4.8 million (USD$3.5 million) plus storage fees is secured, the remaining 4 systems, which have been manufactured and are currently in storage, will be shipped. It is expected that all 7 systems will be up and running before year-end. Finally, in connection with the original contract, USD$1 million (CAD$1.375 million) has yet to be invoiced, which once completed will be recognized as revenue."
There you have it. Just short of $5 million to be received by the end of the year. With the exercised warrants for about $1.1 million during Q4 already, addition of this $5 million will result in a significant cash infusion unlike anytime during the recent history. Needless to say, that greatly addresses working capital liquidity.
Looking forward to someone disagreeing just because.