In my opinion, if they don't have enough cash for more than a few months, we should see a secondary offering very soon, given the recent surge in SP. It's strange, if the heat exchanger program saves as much as they claim, why are companies not scrambling to have them installed?
DVP- your cash analysis sounds correct except Q4 cash burn should be under $5m.
The pull forward cash counts as cash flow so that plus the reduced fees after closing kanepi 13 days into the qtr means that the burn in Q4 should be well under $5m.
They have been pretty consistent about 70k being the point where they cross into profitability.
What's interesting about the 5 year plan is they don't need to invent anything new. They just need to keep connecting assets.
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