The payment of $170k is for the months for August through to November e.g. four months. In the previous 3 months WWI spent $300k running the company ad hoc ergo propter hoc under the current 'hand shake' agreement if WWI reach their increased production target (without bonus payments) they'll generate $1m in revenue and an operating loss of $200k for the year that is if they also continue to run operating costs at $300k a quarter.
With $400k in the bank they can afford this, all be it with little margin for error. That being said 1 year in a micro cap can be like 10 years holding a blue chip. Personally I believe investors put too little stead in the value of time. Sometimes all a small cap needs is a little bit of time, but when you run out of capital you're out of time.
WWI Price at posting:
2.5¢ Sentiment: None Disclosure: Held
