reasons i bet no cr on the horizon are:
1. the last raising was to get them out of trouble from ex ceos inaction, and before that, the raising was about 4 yrs ago... XTE is not a company of big overheads
2. most of contracts they had or will have are on third party account, not require for any money down. their overheads burn a yr is bit less than 2mil, i think all they need in short term is money to build another xtclave system which was budgeted around 500k, given second half of revenue of 8mil with profit, they should have at least 1.5mil at the bank and clear the debt
3. i predict the next raise will be at least above 50c, so share price will need to be solid 60c above, so i wait for another 2 good announcement
4. kengrove option at 45c will probably give the company a little help.
XTE Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
