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exwannabe

11/08/21 2:21 PM

#415845 RE: trocprofit #415842

Correct. I am more interested in any restructuring of $11 million loan and how much warrant conversion money has come in to keep the lights on. Those items along with the subsequent events section. Not much more to glean, IMO, based on how they communicate. Will only say what they HAVE to say.


Restructuring that loan will come at a price. The lender is not a friendly.

They also have $2.9M of notes with various parties all due by EOY.

I would guess the warrants provide about $10M cash since end of Q2. They had $3+M going in, And another $1.5M from the vat and $1M from loans.

So figure that as of today they have about $16M to cover expense since end of Q2. They burn about $8M/q. Then you have the loans.

LP likes to run the operation with almost no cash in the coffer. Anybody ever wonder why?