Fly-on-the-Vancouver-wall Question: I've been
Post# of 157731
(Total Views: 702)
Posted On: 08/19/2025 4:03:56 PM
Fly-on-the-Vancouver-wall Question:
I've been reading the comments of people like Upwithstocks on reddit re: our current cash-burn rate (about 1.5M/mth) that suggest we have about 6 mths of financial runway. The revenue from the (potential) sale of stock from our recent shelf offering would extend this runway, but my question is more about "precedent" than what is "financially possible."
In short, would any experienced CFO (like we have now) and a super-conservative BOD (apparently like we have now) gamble the entire company on such a cataclysmic event (running out of money) UNLESS they were at least 90%-95% sure that this event (running out of money) would not happen?
And if the answer is - no, they wouldn't - then what is more likely?
1. A partnership agreement is already in place, or
2. We have seen unassailable results in one or more indications that will guarantee our success?
Or maybe it's both #1 and #2? Just trying to get the clearest, most realistic view what's happening and what to expect by year's end.
Thanks!
I've been reading the comments of people like Upwithstocks on reddit re: our current cash-burn rate (about 1.5M/mth) that suggest we have about 6 mths of financial runway. The revenue from the (potential) sale of stock from our recent shelf offering would extend this runway, but my question is more about "precedent" than what is "financially possible."
In short, would any experienced CFO (like we have now) and a super-conservative BOD (apparently like we have now) gamble the entire company on such a cataclysmic event (running out of money) UNLESS they were at least 90%-95% sure that this event (running out of money) would not happen?
And if the answer is - no, they wouldn't - then what is more likely?
1. A partnership agreement is already in place, or
2. We have seen unassailable results in one or more indications that will guarantee our success?
Or maybe it's both #1 and #2? Just trying to get the clearest, most realistic view what's happening and what to expect by year's end.
Thanks!
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