Is that an assertion or is it set in stone. I wouldn't be surprised if XPE has to stump up some funds in the chip making process, nor would I be surprised that our chippies also give a nice upfront cash payment for exclusive use of the technology for say its first 6 months to 1 year. At the moment we don't have the information to conclusively rle it out IMO. So until management provide the funding details underpinning the agreements I wouldn't close anything off as have seen CRs unexpected announced on shareholders in the past with other shares I hold - but IMO if running short on cash IMO more likely to be sophisticated investors in this case in the event current funds and the remaining $4 million in funding from the oppies isn't enough. But I think we have enough cash in the bank for a while, and don't forget first revenue adds to that cash pool when it starts coming in.
So I am leaning to a no - obviously if revenue is not coming in as strong as anticipated then possible. At this stage management haven't provided any real revenue and profit numbers for the next two years here so all speculating here IMO. I suspect we are going to have good revenue and profit in the next two years so no CR required - including not getting a new sophisticated investor onboard unless there is a left field acquisition that soaks up the funds. All IMO
The fact I typed this in a meaningless thread is the VB talking whilst listening to the Stones on my vinyl record player.
XPE Price at posting:
8.6¢ Sentiment: Hold Disclosure: Held
(20min delay)