I am a long and hold a large position in this comp
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Is it fair to say the cash expenses for Nanologix is at least $600,000.00 per year?
That debt would be paid by sales, pipes, and loans from the CEO.
At the current share price, pipes would go between $.02-.03 correct?
Based on the financials it look like the company may have had some trouble in the past year finding pipes so the ceo made loans to the company.
If the company triples sales to almost $50,000 a quarter that would leave a $400,000 deficit that would need to be funded by pipes. Who would purchase pipes at .02 based on these financial statements?
Also, would a company want to partner with Nanologix based on these financials? I would think they would lean towards buying for numerous reasons.
Maybe since there are two companies involved we might have a bidding war!
Has anyone put a dollar amount on what N-ASSAY could be worth?
Now if sales in the last quarter are $250,000 or so then no worries but if the numbers are similar to this then we need to find a partner for production or a buyer soon. If it is a buyer, we have to remember that what we get is better than zero.
I am willing to go head to head with anyone who wants to debate these financials that are posted so far. Just look at cash expenditures and cash that come in. The difference has to come from somewhere else! The technology could be great but with the share price sinking where do you find the cash to sustain the company long term? I have a lot to gain if this stock takes off but these numbers so far tell me a much different story.