Post by
mingzhu on Aug 22, 2023 4:41pm
best news here
"we've reduced Nextech3D.ai's cash burn down to $300,000 which when combined with our recent capital raise, gives me the confidence in saying that we won't need to raise additional capital for the next 12 months. "
Comment by
Smiles62 on Aug 22, 2023 8:14pm
Will 01 allow a 0.10 jump tomorrow? :)
Comment by
mingzhu on Aug 23, 2023 11:17am
01 is nothing but a pool of trading houses unwilling to have their names published. They may well trade against one another. It is anonimous, but does not mean unanymous. If you want, you can be 01 too just open an account with one of them.
Comment by
Smiles62 on Aug 24, 2023 8:31am
Why would I want to hide that I trade with nat bank? Maybe the real question is why would a major player hide under 01? in any case we need contracts contracts contracts. Let's see that exponential growth in confirmed renewals or new contracts. I still believe in the potential, I believe we are in the right business.
Comment by
mingzhu on Aug 22, 2023 10:36pm
Q1 burn rate was 500k, That was why i expected cash could last at least 6 months to the end of 2023. now it is 300k, 12 months runway, It is great improvement. It had cash 3.8m by Jun, + 2.5m new cash=6.3m/300k burn rate=21 months. Maxmum is 19months runway.