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12/07/16
12:33
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semi
you need 8m to clear up the loan. you are spending about 4-5m per quarter. thats 6 quarters till the start of 2018.
so 8m + 24m ( 6 quarters of 4m ) not counting added costs if you are successful and need money to accelerate the commercialization down the line.
thats $32m .
at 60 cents , you need to raise an additional 20m shares to get about $12m
so you double your share count for a mere $12m
the only way to go is a corporate investor doing the deal in convertible debt.
a partnership which will have a reverse split is a no go for me.
id rather stick with my holding than see a higher price but a fraction of my shares.
erb has to finalize financing and announce it asap , the price wont move till then and no1 will buy till the drama is over
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