Posted On: 04/05/2016 10:13:49 AM
Post# of 30070
just made a calculation....
we have 150million outstanding shares.
So if we dilute them all, lets say at 3 cents, we will have 4.5 million cash.
Since are burn rate is 500k a month, we can survive 9 more months.
So my conclusion is that something has to happen soon with some kind of funding since the next meeting is in the summer somewhere for asking 500million more shares (probably).
But with the rate we are going down i don't even think 500million is going to be enough by then
And seeing amarantus is not attending certain conferences, you could assume maybe a deal is in the works? (reworking ESS funding as gerald put it?)
we have 150million outstanding shares.
So if we dilute them all, lets say at 3 cents, we will have 4.5 million cash.
Since are burn rate is 500k a month, we can survive 9 more months.
So my conclusion is that something has to happen soon with some kind of funding since the next meeting is in the summer somewhere for asking 500million more shares (probably).
But with the rate we are going down i don't even think 500million is going to be enough by then
And seeing amarantus is not attending certain conferences, you could assume maybe a deal is in the works? (reworking ESS funding as gerald put it?)
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