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Bullboard - Stock Discussion Forum Traxion Sab De Cv Ord Shs GRPOF

Grupo Traxion SAB de CV is a Mexico-based company engaged in the transportation sector. The Company provides logistics services within eight business areas: Fright, including intermodal and multimodal services, door-to-door, national and cross-border distribution, among others; Integrated logistics, including logistics management, aerial and maritime services and custom transportation support... see more

PINL:GRPOF - Post Discussion

Traxion Sab De Cv Ord Shs > TBP-cash burn rate
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Post by equity4481 on Apr 25, 2021 11:24am

TBP-cash burn rate

I am doing a little DD and looking for the current cash burn rate. After the $14m + bought deal closing I would believe it's around 12 months but cannot find any recent NR.

Thanks and look forward to the upcoming week!
Comment by lscfa on Apr 25, 2021 12:06pm
CEO said in recent WSR interview $1.5 mil to $3 mil per month.       
Comment by lscfa on Apr 25, 2021 12:08pm
Sept 2020 presentation says ARDS-003 will cost $24 million.    
Comment by new2mjstocks on Apr 25, 2021 12:54pm
Don't  post facts here you will be labelled as a basher 
Comment by SamV21 on Apr 25, 2021 1:20pm
I hear you , don't question anything or you will be called a basher, we have a Vet and a hamburger flipper building a rocket (TBP) they have admitted they don't have the funds to complete the rocket so the question is how much will someone pay for a half built rocket, when it could cost more to finish it than it is worth  .They really have no idea what their product is worth , its ...more  
Comment by Positivelive1 on Apr 25, 2021 2:21pm
SamV21- if TBP is such a terrible stock, why are you here?
Comment by SamV21 on Apr 25, 2021 3:20pm
I just think based on TBP history of selling off projects/patents after they don't have the capital to complete should be aproached with cautious optimism.I am happy about the sale price increase , no where near the 1.05 price I was trading this stock in 2018 , I don't short stock.Just because a product is produced and is successful does not mean it will be enbraced by the medical ...more  
Comment by lscfa on Apr 25, 2021 3:23pm
Also, why no analyst coverage? Paradigm Capital used to cover the stock but dropped it, why?     
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