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Sunday, September 25, 2022 10:52:07 AM
Unless they can get a huge infusion from somewhere, and no, a few thousand dollars from Halo won’t keep this ship from sinking.
Cash on hand 3-31-22
$82,017
Cash received from 4-1-22 through 6-30-22
$567,500
$82,017 + $567,500 = $649,517
Cash on hand 6-30-22
$369,805
Cash burned through from 4-1-22 through 6-30-22
$279,712
Average monthly burn rate of over $93,000
$369,805 divided by $93,000 = 3.98
With 4 months of cash on hand as of 6-30-21, POSRMX will run out of cash by 11-1-22, which is only 37 days from now.
THEY WILL NEED $200,000 BY 11-1-22, JUST TO MAKE IT TO THE END OF 2022.
MAXINE ALREADY CONCEDED REVENUE WOULD NOT HAPPEN ON 2022, SO WHERE WILL THEY GET $200,000 TO STAY AFLOAT IN Q4?????
If you are stating your opinion, then say it’s an opinion, hope, dream, fantasy, and not a fact.
Statements of fact, which are not factual, are fiction. That’s a fact.
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