Followers | 105 |
Posts | 20514 |
Boards Moderated | 1 |
Alias Born | 06/30/2012 |
Friday, November 06, 2015 11:23:08 AM
$6 mil left to pay for Q4 costs
Rest of 2016 milestones costs raised slightly to 27M + 10M at the end = $37M
I just don't see how monthly burn rate is part of milestones costs so I am keeping them separate 3.8 /mo x 18 months = 68.5M
Cash on hand $1.5M
Past weeks fundraisers 7.6M US + 4 + 4+ 1.4 + eventually 15 = $32M
OWE: 6M + 37M + 68.5M = $111.5 M
HAVE NOW: 1.5M + 32M = $33.5M
STILL NEED: $78M (All warrants exercised covers it but some are 2018 folks and at 2.50 ???)
Conclusion: Outright acquisition in early 2017 or some way to ensure ALL warrants get exercised or a combination of yet ANOTHER financing / loan / deal with some warrant exercise along the way.
NOTE: Outside of US sales of SPORT would be real nice and offset some of this as well !!!
MD&A will be a must read...clowns better not have raised milestone costs estimates as well (that much)
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM