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Tuesday, August 14, 2018 9:49:38 PM
burn rate peaked at $20M in may. they will have to restate the quarterlies over the last year because they changed the sub to 3x per month max. in the restated you will see the cost come way down.
per month this company is at $7m G/A expense and burn of under $20M now and burn is headed toward $0.
They will only need about $30M later this year to hold them over until its cashflow positive in 2019. Say $50M to be conservative.
That's nothing for a viral product. No R/S here, has to be VOTED in. Won't happen. Conversions can't really happen either as they won't be able to sell down here. They have to convert and hold or slowly convert as the PPS rises.
Penny Stock Analyst, not licensed, but may as well be...
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