Thursday, February 01, 2018 11:16:54 AM
Reality #1. The cash burn rate as of the last filing is $1,745,000.00 per month. Remaining cash $43 million. Apply the same rate and you have 33 months remaining. Share dilution at our expense, plus cash received will extend this time frame. The company also has a credit line (at our expense) to borrow from, allowing for more time, but with a much lower pps and a zero shot (IMO) of success at that point.
Reality #2. The company with it’s new facility, patents, and equipment and resources may lead to contracts and should lead to contracts in a race against time to slow down the cash burn and depending on the burn rate may exceed the burn rate. Thus the pps will rise whether sales are higher or lower than the burn rate. Sometimes burn rates are increased to add to capacity to increase anticipated revenues.
Reality #1. Is why the pps defies gravity.
Reality #2. Is why long terms are still in.
Everything else on this board is either interesting and entertaining and lends to great conversation in different views from all shareholders who cannot wait for a new agreement, but will have to or sell. Whatever our view points the 2 Realities are facts based on math and truths. Not emotions. Not gossip. If they’re not why you still own shares, then you are in a virtual reality or an alternative reality and seeing clearly the 10Q’s and DD becomes more difficult.
Good luck to all.
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