Just looking at baby-steps for a minute.. their presentation last month (updated) projects a requirement of $235,000,000 for PRE-DEVELOPMENT costs etc..
That's hurdle number 1. How do they raise that kind of money ? Forget about the other $6-BILLION for now !
End-June figures have them with $1.06M cash with estimated outflows on the basics of $300k for this quarter ending in 2-weeks.
So as an absolute maximum, according to their projection, they'll have $760k left in the bank around now.
This isn't accounting for costs of ballroom dancing either which will probably come in at around $100k for 'additional necessary expense' in entertaining prospective financiers.
For them to be able to continue to be a 'viable entity' I do not know how much cash they need to have in the coffers but it must be at tipping-point by now for them to have to raise more from somewhere ?
PDY Price at posting:
0.6¢ Sentiment: Sell Disclosure: Held
