Catch the Wind Ltd V.CTW

Cash went from $9M to $6M

[RE38]

$3M burn rate for Q4. Actually that's a little less than what I expected. That's good news given that it should be $2M or less per quarter going forward. If they lose that each of the first 3 quarters and breakeven by Q4, all is well. With the Saturn and enXco contracts that should be doable. Don't forget that they've been doing a lot of school and government-focused work as well. If that ends up with a contract for a state or province, that would likely cover hundreds of units in that particular region.

 

Quebec and the Greak Lakes States/Ontario cover A LOT of ground.

 

signed an agreement for a collaborative project with the TechnoCentre éolien to install an OCS on one of its REpower MM92 2.05 MW wind turbines in the Province of Québec

 

After 45 days of testing, results of the first ever deployment of the OCS in AXYS Technologies Inc.'s WindSentinel™ offshore buoy were an unprecedented success; providing wind profile information from the Great Lakes to wind resource researchers and analysts at Grand Valley State University, University of Michigan, the Weather Service and Michigan State University. Similar data collection success was achieved off the US east coast and a second Great Lakes deployment has begun.

[xsnrg]

My concerns are over....if they still have $6M we are fine for a few quarters at least.  I was worried their cash was going to be completely gone and a PP was going to be required VERY soon at a very low price.  it was the only conceivable reason I could find for the stock to be trading under 10 cents.  That concern is now addressed and we are sitting with over 6 cents a share in

[krowe]

I think that there are those waiting on the sidelines waiting to see if there is anybody confused enough to sell even cheaper before buying. Having said that a sudden surge of buying and this thing is up 50% in minutes based on level II. If nobody dumps causing a paniv I feel buying should pick up later today. Just a thought.

[errussell]

I have been in this stock for about 6 months.....the last month and a bit has shown that the climb is going to be very slow. Everytime we have interest someone dumps 500k to a mill in shares to keep it down. Not sure where the shares are coming from but it has been quite overt. Then you compound that with the profit takers that are just waiting to get back into the mid teens  you can see

[xsnrg]

A couple quarters for a 3 bagger?  I think I can wait that long :)