Comment by
Nightstocker on Sep 13, 2023 10:08am
Interesting that Evans reiterates in the article that Xtract should be able to get by without additional financing. That's encouraging.
Comment by
Baxbax on Sep 13, 2023 10:23am
That would be massive and hes pretty clear about that. In here the most common reason for this silence has been the financing arrangement.. well if and when we trust on evans then lack of news could be tied to dhs and they want it out before anything else. Not sure at all how this plays out in near term but encouraging indeed.
Comment by
Davinator on Sep 13, 2023 10:48am
The Y/E results can't come soon enough for me. For Peter to say no more financing must mean a very solid Q4 and lots of sales lining up for F24. I am very puzzled at the lack of sales NRs if this is the case tho???
Comment by
Baxbax on Sep 13, 2023 11:01am
Totally. If Q4 cash burn is smtg like 3 m it leaves us with 1-1.5 Qs of cash (somebody here made the exact calculations). Anyway cabt expect nothing major from q4. Meaning ongoing fiscal must be a boom. Maybe MSG paid upfront. Dunno. I bet its now the dhs holding. They know anything else wouldnt make a strong impact on anything, least sp.
Comment by
Roadrunner71 on Sep 13, 2023 1:54pm
Interesting quote from the article. “Evaluators recommended that Evolv be transparent about these poor results, but these evaluator comments were deleted from the report. NCS collaborated with Evolv on marketing and PR for the report. NCS received additional tens of thousands in sponsorship payments from Evolv, including $10,000 luncheons.”