Post by
innovativepicks on Dec 05, 2014 8:27pm
Sales better come fast
Looking at the third quarter financial's to be honest with you all, its concerning.... In 9 months the company burned about 404,538 and has 177,044 left, If we dont see some commerical sales in the next 6 months.. the stock could run out of money!! this is either a high reward or bust play... Lets hope managment is trying to preserve as much cash as possible and is really working on SALES!! Goodluck to you all.
Comment by
red2006 on Dec 07, 2014 8:47pm
i wouldn't get too worked up about the cash position.In the interests of minimizing dilution at these low prices the company has done a number of smaller private placements recently but have had no problem raising the cash they need. The opportunity for the company has never been bigger than it is right now, particularly with the new wastewater regulations coming into effect.