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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
The only thing in living is just being satisfied and knowing you have no one left to blame...Gordon Lightfoot.... Carefree Highway
Recent PBIO News
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