Sept 30 Cash balance was $1,997,000.
Predicted burn was $1,562,000 (that includes the TAX rebate of $464,000 received in October).
Predicted cash balance as at Dec 31, 2018 is therefore $435,000 excluding cash receipts from sales.
If we look back to the Sept Qtr of 2017, revenue was $441,000 and cash receipts in the Dec qtr were $720,000 with revenues for the Dec qtr being $710,000.
So, essentially the cash receipts for the Dec 17 qtr were all of the Sept qtr revenues ($441,000) plus circa 40% of December revenues.
If we look at the Sept 2018 qtr numbers we see revenues at $1,100,000. Assuming December quarter revenues are $1.3M (best guess), then we can expect that SP3 cash receipts for the Dec 2018 qtr to be all of the Sept Qtr revenue ($1,100,000) PLUS circa 40% of the Dec revenues (40% of $1,300,000).
That equates to cash receipts of $1,620,000 for the Dec qtr just concluded.
"My" forecast cash balance as at Dec 31, 2018 is therefore $1,620,000 plus $435,000 = $2,055,000.
Rather than any ridiculous conspiracy theories, this is the reason I bought another 100,000 shares when they were offered under 20c. I've been invested here right from the very start at seed and at IPO. If my numbers are close to being right, this is a no brainer at $8M market cap. I expect that PAC and SP3 management will roadshow this result and once the penny drops, this re-rate with PAC behind it will be very swift and bullish. I expect the previous high of 50c on Dec 4, 2017 to be easily surpassed in 2019. The numbers are just too good for this to stay at $8M valuation. This easily deserves a $25M market cap at a bare minimum IMO.
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