from my understanding they have about 3.5 mil left in the bank. If their cash burn is still around 2 mil as per previous quarters i would expect some form of equity raise in the next two months as thwy fall below 2 mil reserve. With all the secret payments who knows if they are recieving thousands or millions on their current deals. Seems they still have term sheets and deals on the table but that was the case mid last year. This could get ugly if nothing changes this month, sureky they would need at least another 3 million to keep running and that alone would be 100 million shares at 3c if they were lucky enough to find buyers there. If the pyhkomer library really is any good surely they would be getting offrs now, seems the whole company is currently only worth 20 million.
PYC Price at posting:
4.2¢ Sentiment: None Disclosure: Held
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