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abew4me

05/09/17 12:39 PM

#45749 RE: otis1111 #45742

otis1111...I'm pretty sure most of your questions regarding "cash on hand" and "burn rate" will be answered in the 10-k that is released on Thursday...so those questions are moot. Your remaining question regarding a cash raise won't be answered in a conference call.

Below is the answer Dr. H gave at the shareholder's meeting:

"At this time, we're not projecting, publicly, another [cash] raise. We have a substantial accounts receivable. We have differed revenue we have not yet recognized. And we have a large pipeline.

We're very sensitive to the issue...sensitive to the value of our share price and the timing of anything we might do in the future. But at this stage, we're laser-focused really on execution and raising our ____(?)"
(Didn't quite get the last few words at the end.)

BTW, you'll notice that SOL started including "differed revenue" in his projections once I posted this quote a few weeks ago. Prior to that, he was oblivious to the differed revenue that Dr. H had referred to at the shareholder's meeting.