Monday, January 25, 2021 3:23:26 PM
I think it's reasonable to expect that the cash burn was reduced to C$5M in Q4 and that they could potentially cut that to about C$4M in Q1, so I think they prob have enough cash to make it through March. And if they are able to pull-forward another C$2M or so plus another tranche of bonds for approx $C2M, then they would probably be good thru June. I think that's being fairly conservative, but who knows, I could be missing something.
The big risk, of course, is will they be able to get cash flow positive by that point. IMO, the success of the heat exchanger program is a key factor in that. It's the #1 thing I want to hear about from the co. Remember the potential market size with just their existing customers and the "10x" building revenues? Well, it's about time we get an update on how that's going.
Recent MCLD News
- mCloud to Delist from Nasdaq • PR Newswire (Canada) • 09/26/2023 09:00:00 PM
- mCloud to Delist from Nasdaq • PR Newswire (US) • 09/26/2023 09:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM