Yes they do have $3.3 mil in the kitty and cash burn is very very minimal. So to raise this I presume say a couple of mil at say 35c+ has to be for one reason and one reason only. They have 2 new unique technologies in the world in O&G sector and the Thermal related other tech. They must feel that they have to move aggressively with these 2 new technologies. If it is it has to be bloody positive this CR, provided its not much and only at a reasonable discount. That was my thought immediately. Friday's price action was 110% deliberate by someone who is desperate to get in and get set via decent accumulation. Cheers.
Spectur IPO by Alto Capital, page-439
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