Perk Labs Inc (PKLBF)

[Growth101]

Think about it logically

-If you were sitting on $10 mil give or take cash on hand. You include 0 Rev next quarter which wont be the case all at. And your blockchain and crypto is already paid out, or 300K away from being paid out, what are you aggressively pursuing and buying?

-If you hired 10 employees in the last 30 days and paid each 10K a month, you are only looking at cash burn of $120K burn rate for 1 month. Throw in 40K for Davos, $160K tops, assuming they paid it already. And whatever the CBC commercial cost.


-We are talking around $2 million here give or take.

-Go back to the prior filing and look at the cash burn breakdown the company provided to Echelon and the Underwriters. They listed $3.6 million for strategic acquisition and investments.

-They didnt necessarily need this money right now at this given time. They took it because they are targeting something and wanted the cash to buy it, whatever it is.



Principal Purpose Approximate Use of Net Proceeds
Strategic Acquisition Opportunities $1,408,000
Expansion of Technical Team $1,800,000
10
Marketing For Mobile Platform and Company $3,100,000
International and Regional Expansion $1,400,000
Potential Investments and Acquisitions $2,200,000
Miscellaneous Corporate Purposes $170,360
TOTAL $10,078,360