lets forget about the tape reading business as it
Post# of 43066
(Total Views: 261)
Posted On: 07/25/2017 5:54:00 PM
lets forget about the tape reading business as it has been loss making as far as I remember, that has fortunately stopped and with that any further drain of funds because of it.
In the May PR RH mentioned the sale of the head quarter and the cash from it, which would cover about two quarters, I believe he meant that from the day of the sale which was 31st of March, as they had very little cash at the end of March.
The insurance money that JB/PTOI won in court was a further 2 quarter, which brings us to about zero cash in March 2018.
If they haven't closed on a contract before then. I think it will be very hard indeed to raise any more cash from either Heddle or any other investors.
And the share price would most likely be way below 1 cent.
Sorry I cannot put a more positive spin on it, but it wont be pretty without a contract very very soon.
If we get another extension without any other positive event, I reckon we will go below a cent.
AIMHO.
In the May PR RH mentioned the sale of the head quarter and the cash from it, which would cover about two quarters, I believe he meant that from the day of the sale which was 31st of March, as they had very little cash at the end of March.
The insurance money that JB/PTOI won in court was a further 2 quarter, which brings us to about zero cash in March 2018.
If they haven't closed on a contract before then. I think it will be very hard indeed to raise any more cash from either Heddle or any other investors.
And the share price would most likely be way below 1 cent.
Sorry I cannot put a more positive spin on it, but it wont be pretty without a contract very very soon.
If we get another extension without any other positive event, I reckon we will go below a cent.
AIMHO.
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