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Zani

02/03/19 11:23 AM

#78951 RE: Sturgis #78949

From finance statements released. $17,555 cash on hand as of September 31, 2018. Not including the infusion of the $500k from stockholder investors.

Even the $500k can only keep them afloat for so long. Their burn rate per quarter is $200k as per finance statements. This does not include the recent hires, which will no doubt burn through their existing cashflow faster.

Baxy

02/05/19 10:36 AM

#79158 RE: Sturgis #78949

Breaking .30