Very confident statement, "No CR for NOR anytime soon". You need a deal, and you need it soon.
Last 4C had this:
So if the spending continues as it did last quarter, then 0.83 quarters from 31-Mar would be around 14-Jun when NOR ran out of cash, and maxed the finance facility.
Having said that, there was mention of an R&D loan and a Spark payment coming in the September quarter for $370k, but that's not here yet.
Lot's of statements in that last 4C about what is coming, but nothing has come yet. Hoping for holders that todays announcement will be the trigger for all of these deals to be signed.
Ann: Microsoft Azure OpenAI Service Integration Initiative, page-12
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