Is this true what someone posted on Yahoo message board? Anyone?
So, given the news, where is AMRS in terms of cash at the end of Q3? They started Q3 with 2.5, got 15 from Ginko, another 3 from the shareholder loan (which is converting at a serious discount to market), and then obtained the 25M credit line from the nutraceutical company. They've been burning about 20-25 on a cash basis per quarter in operating cash flow for the past couple of years, with no real deviation from that. So, let's just say that they burned 22.5 last quarter. That would put them in a cash position of about 23M after this quarter, assuming the excersized the entire credit line. (it also means they needed that credit line to make payroll - yikes!).
So, in the end, Melo pulls a rabbit out of his hat in Q3 and funds the company for another quarter. With the credit line, he maybe even extends that through the rest of the year.
What does 2017 have in store? Oh, well, in Q1 about $40M in debt repayments, that's all. All in cash. Then another $25M in Q2. This on top of having to cover the burn. Oh lordy,...
The guy has worked magic to extend runway this far, but are there any more suckers out there?
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