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Re: chillout post# 16511

Friday, 11/14/2014 8:53:11 AM

Friday, November 14, 2014 8:53:11 AM

Post# of 140476
Existing cash is still quite good $37 million with 2 million in payables. Warrants redemption is the big what if, but "if" they communicate more effectively with investors I don't see why they couldn't get there with warrant redemptions alone.

They have almost $80 million they can generate from warrant redemptions with the first $8 million set to expire by December 2015. Next in line to expire is $10 million in June 2016. My point if they revamp IR/PR strategy they should be able to do it easily with no more equity financings.