InvestorsHub Logo
Followers 0
Posts 125
Boards Moderated 0
Alias Born 03/26/2017

Re: IBB-99 post# 25057

Tuesday, 05/16/2017 1:19:06 PM

Tuesday, May 16, 2017 1:19:06 PM

Post# of 46301
Thanks- So as I mentioned Dilution will be necessary if we assume (which is a rational assumption that Q1 is indicative of ongoing operating expenses).

To recap

1. I said prior the company would have to dilute again as they had approx 1 mil in operating costs last year

2. I did err in forgetting about the warrants which put cash on the balance sheet but as we can see we have 200k remaining

3. Q1 expenses were 209,633

4. Q1 cash balance is 200,320

5. Therefore, if you assume the same burn for Q2 -which is likely given we are still in 'paid' vs contingency litigation then the company will be out of cash by end of Q2 without diluting again

6. Expect a further dilution of at least 500k in my view to give them breathing room, and more likely $750k-1 mil to be safe (ie if sent back to the PTAB will delay further = more cash burn)

That is all based on fact, Q1 financial statement review and analysis. Flame away (those who did in the past) at me again for having an objective and fact based view.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent WDDD News