Ann: Quarterly Activities and Cashflow Report, page-49

Jasventure

With all respect this sounds like blind faith.

The company has told you they are going to spend $1.864,000 this quarter.

At the end of the last quarter they stated they had a cash position of $1,253,000.

Mind you, the company perennially has understated its forecast cash burn for many, many quarters so it's likely IMO to be greater than $1.864 million.

Forget about whether they or whoever said they don't need to raise money, look at the numbers . It is a mathematical certainty that the company will run out of money very, very soon.

Do you not believe that the company therefore has to raise funds in some capacity to continue operations given the hard evidence provided by the company itself?

It's capital markets 101 IMO.