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Monday, April 03, 2017 7:23:44 PM
This is from the 10k When do you expect them to make a profit?
Management has developed a plan to continue operations. This plan includes controlling expenses, streamlining operations, and obtaining capital through equity and/or debt financing. We have been successful in raising cash through debt and equity offerings in the past and as described in this annual report. We issued a promissory note in the aggregate principal amount of up to $2,000,000 in October 2016 that we can draw funds from, and, through March 1, 2017, we have drawn down the entire $2 million ($750,000 subsequent to December 31, 2016). We have efforts in place to continue to raise cash through debt and equity offerings.
GLTY
Recent PBIO News
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