Needs a strong cash injection or to be bought out.
Last quarter left $1m in the bank, and assuming this quarter uses the same amount in operating activities (last quater also used an additional 200k in investing activities) as cash as last quarter, by the end of it, there will be approx 300k left in the bank. Obviously the company cannot operate on 300k for the quarter. So something has to give.
There must be an announcement soon. I doubt any chances made in January will be enough to stem the bleeding.
I keep looking to enter, but cannot justify it atm.
RNT Price at posting:
4.2¢ Sentiment: Hold Disclosure: Not Held
