Yep, noted that Siren4. My interpretation is, despite Board saying it's a going concern due to a verbal
commitment from MM and a belief they can raise cash as needed (CR's), the accountants are being responsible even though it's not an audit and letting us now they doubt it is a 'going concern' and that if it goes belly up we won't get anything back even from value of IP.
My opinion is we should have enough to last till a deal is done, there is the r&d money to come, however we are very vulnerable to shenanigans. Given ALT has only ever been a spec stock has anything really changed, except for a far more intense risk/reward scenario and an outcome shifting to near term.
A couple of years back I did what I thought was a realistic conservative analyses of what we could capture in an ultra massive market. A miniscule percentage makes us rich; based on US &EU market alone. Now with eyes on China and Japan etc. we can double that; add the likely POP Market and we can double all that again. High risk reward indeed. (Always gamble responsibly)
A couple of other points from notes:
$200k admin salary expense; curious as to what that really covers.
Intent to assess viability of other ideas for products & enhancements. This is a repeated comment, which suggests they see a future for ALT. Corr's input if he's interested and remains post deal outcome will be invaluable again.
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