Hi Stardestr0yer,
Using your estimates cash will reduce by approx - $350K - $1.65M in the kitty @ Dec 31 - I think this is getting on the lean end of being able to operate freely - ie make snap decisions to boost inventory - pursue new opportunities etc.
I agree that this quarter needs to be a "blinder" (using your numbers 45% up on last 4C - not acheived in the previous 3 * 4C's) - but additionally the next quarter Q3 (future direction) needs to be similiar or expected to be better ie. CFP - self funding growth - confidence they are weaning themselves from support.
However - if opportunities arise then sure seeking additional funding will be viewed well - if the core business is CFP or soon to be - self sustaining.
I would like to see them get to and be operating without the cash position monkey on their back - at the moment I think they and the market know the monkey is there - hence the SP weakness - apart from the game players in the background (the source of VonTrader's concerns) who wouldn't have a game to play if the other issues weren't there.
Cheers P1
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Mkt cap ! $4.942M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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4 | 1222190 | 0.016 |
1 | 20000 | 0.013 |
1 | 50000 | 0.010 |
2 | 200000 | 0.005 |
Price($) | Vol. | No. |
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0.018 | 100000 | 1 |
0.019 | 162000 | 1 |
0.021 | 203398 | 1 |
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0.023 | 700000 | 1 |
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