That study was meant to have been completed months ago. Now they are onto the second phase so how much longer do you wait for that, another 6-12 months?
I know this industry is all about proving your technology, but the company must be very disappointed at the lack of sales thus far.
The other factor to watch out for is cash on hand. Quarterly should be out soon and if its anything like the spend of the previous quarter they'll be back to $2mill in the kitty, enough for another quarter and a half on current spend. Looks likely that the options will not be exercised. They will be under pressure now to produce financial results or a placement will be required within the next 6 months.
KSX Price at posting:
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