Why 23 cents?, page-17

Brumbypat, my last post here for a while,

if you look at their website, you see so many office all over the world, yet they have only sold let's say 40 batteries in a year ?

40 x $5 = 200k - cash burn $8,000,000 - wow $200, 000 cash burn per 5k battery*


I can tell you with all respect and without wanting to buy any here, at 8m cash burn, and product delays pointing towards product development not being easy with, i.e. safety regulations etc, the current SP might be the highest this will see this year, and possibly some pain to come looking at the cash burn rate.


*prices for batteries/ sales numbers I have estimated to keep it simple and for illustration