Alan, the figures I came up with for the rough burn calculations were that the 2015 10K indicated 1.5 million in cash, the current pr for the current quarter indicated that despite the .4 in revenues there was a burn on .5 million - yes, a total outflow of .9 but with .4 in revenues, a .5 burn. Given the indication today that there is 1.1 million on hand, the burn may be a bit slower than the .5 per month. Unfortunately my cell phone crapped out on me and I was unable to ask Mark about the cash on hand, revenues and burn rate. It does not appear to be .9 per month. .5 is bad enough ...
If we do not see real progress with contracts and cash soon, there very well could be dilution. I for one would gladly accept dilution if shutting the doors were the only other alternative. Debt is an alternative, but that is unlikely to be in terms that would be significantly better than what will happen with dilution.
I plan on sending an e,ail to Witty and Mark addressing these issues, along with the explanation that I was unable to stay on the cc because I stupidly did not charge the cell phone. Maybe I will get something of an answer, but I missed the opportunity to even attempt to follow up if the response is a bit obtuse.
patience and GLTA
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