Advent Technologies Holdings Inc (ADN)

[WeTheMarket]

KAJAX, with respect to the following paragraph, which you highlighted in your post, and clearly take as very positive, by interpreting it very positively (same as others on Stocktwits), to mean that they don't have to raise additional funds for the rest of the year.

"So as I look forward to the second half of the year, I'm anticipating that our monthly spend for operating and capital expenses will probably range between $2.5 million and $3 million per month. And so the $3.4 million that we raised back in June is sufficient or even more than sufficient to cover what we expect to be our monthly spend rate in the second half of the year."

I actually had a very different, not so positive interpretation when I heard it during the live webcast. I interpreted it to mean that if needed, they can raise up to $3.4 million monthly for the rest of the year as they did back in June, which is more than enough, as they are currently spending between $2.5 to $3 million monthly. I could be wrong, there are holes in both interpretations.

In my case one could say, but that's clearly not what he said. On the other hand, assuming they don't get the Green HiPo funds, how can $3.4 million they raised in June last until year end, when they are spending $2-3 million a month? I know they had an additional $10 million in cash, but they would have to spend it all to make it to the end of the year without raising additional cash.