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Monday, 07/11/2022 3:19:10 PM

Monday, July 11, 2022 3:19:10 PM

Post# of 175120
So it looks like my original prediction based on burn rate was pretty much spot on and closest to reality compared to others who posted on this topic - I caught a lot of flak for my post below and they needed cash infusion sooner than even I predicted!

"Wednesday, May 11, 2022 4:37:56 PM

Post# 146618

Per the 10Q they need $2.5M/yr to keep running. Cash on hand end on 31 Mar was $1.2M. $1.2M/$2.5M = 0.48. 0.48 x 12 months = 5.76 months. So to be safe we have until 31 Aug when funds run out.

Is my math off here? Someone let me know if I didn't figure out properly.

Imo this is worthy of concern...and silence from CEO is deafening. Thoughts?"
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