TSXV:GROW - Post Discussion
Post by
marketmover1 on Nov 29, 2023 6:51pm
Financing
Unfortunately there will be a need to raise cash. Looking at the financials they are practically out of money with cash on hand at 433k and liabilities at 430k. How much $ and what form the raise will be remains to be seen. But with their burn rate of 1.2 mil per year not counting the other costs to get the TAPs converted to sales, I would think we're looking at a 30% dilution at least.
MM1
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