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Posted On: 11/17/2020 3:54:12 PM
Post# of 157730
“In the new proactive video Nader seems to intimate a new source of cash.”
I’m unsure what he’s alluding to but I don’t think it’s a new source of cash. The cash balance should be around $30 million considering the recent raise of $25 million, continued conversion of warrants, and previous cash on hand. The problem I see here is that unless CYDY has already paid the $27 million or so to Samsung, then $30 million will barely cover until the end of 2020.
I’m unsure what he’s alluding to but I don’t think it’s a new source of cash. The cash balance should be around $30 million considering the recent raise of $25 million, continued conversion of warrants, and previous cash on hand. The problem I see here is that unless CYDY has already paid the $27 million or so to Samsung, then $30 million will barely cover until the end of 2020.
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