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Wednesday, November 15, 2017 2:43:09 PM
“2018 depending on the availability of sufficient capital and other resources.”
Company is consuming $6500 dollars
a day and is basically insolvent. At 590k in cash as of the Sept 2017 gives them only until the end of the year. It’s no wonder they are on the road to hock shares. The company needs to raise 2-5 million just to cover minimum expenses through 2018. Company R and D budget nearly completely consists of licensing maintenance fees including fuel injection devices not even listed as a company product! It boggles the mind how these major financial deficiencies are brushed off as a mere byproduct of this so called amazing technology that no one wants!
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