Forgot to add couple of points:
1. With increased revenues, cash burn rate decreases. This means with 800k cash, we should be fine this quarter and the next. This is being conservative and keeping in mind the similar progress being made by cl8... no deals no substantial increase in sales... however, I think we might see 300 -350k burn rate this quarter and around 150k burn rate next quarter with being breakeven in June quarter.
2. In last few months, we have seen 100% increase in rented cars number. If we see the same from now onwards in next few months, we should be breakeven by end of March which also fits with above estimates...
Next few weeks are goin to be excited...
Also if anyone interested, you should read
@pilsner (the charts wizard) comments at STT... you will be surprised how his time frames are aligning with excellent FA of this company.
All the best