Post by
FarmerInvestor4 on Oct 26, 2021 6:56pm
Brief Update
Got a brief update today! The company has approx $2 million cash (compared to $1.3 Million at end of June) in the bank and to date, the cash burn rate has been low. So they now have a more comfortable cash position to finance promotion and tech advancement/development. I was told that The CEO (Francis) will continue to do promotional events, and they are starting to allocate resources towards administration things & Website updates. Information could not be disclosed on some of the questions I asked due to Insider information rules... I was very quickly told "I can't answer that!" However, I was told to follow the MD & A release on SEDAR and that they (management) have been forthcoming with company info via news releases, news articles & podcasts (i.e patents, blockchain & crypto). So please re-read and re-listen to those! The new MD & A and financials for Q3 are expected to be released by the due date (Nov 30).. maybe a bit sooner. All in all I feel very comfortable with my investment here. These guys are working hard behind the scenes and the main priorities right now is both brand awareness for Quantum security solutions and continued advancement of the tech. As investors, we just have to have some patience and let the plan unfold. Take care all.
FI4
Comment by
FarmerInvestor4 on Oct 26, 2021 7:27pm
Sorry - I forgot to include that Q3/Q4 was still the expected deadline from Syntronic for USB Hardware - see press release. We all know its not Q3! (Sorry I couldnt be more helpful here) FI4
Comment by
Munger on Oct 26, 2021 8:14pm
Thanks Farmer. As always. Much appreciated.