Ravenquest Biomed Inc RVVQF

Cash - Burn rate = Revenue

[HowdyBob]

July 31 report says Cash $750K and receivables $625K - owed from Bonify?

Average monthly burn rate from last 2 quarters ending July 31 2019 = 1.2 million

Average monthly revenue last 2 quarters ending July 31 2019 = $227k per month

Shortfall monthly of just under $1,000,000

Means RQB should have run out of money including receivables roughly = Sept 10 2019

Shortfall to end of Dec 21 2019 roughly $3.6 million

So either revenue has increased or they are not paying their bills. I vote for revenue increasing and now they are cutting costs.

the next 40 days until debenture and q report deadline are going to go by very slow ugh

[Kurious1]

Some simple maths you've done there shows that money has to have come from somewhere, you're right. I see there was a cash raise in July of $2.5m, so that answers for a good chunk of the missing money.  I think it's possible that RQB did another ~$1m in revenue since then from the rooms that are producing, which brings us up to about $4.5m if you add in the cash and receivables in