CR Due

CR Due
Running through the financials for CCP, now math is not my strongest skill but looking at the basics.
My prediction is we will see a CR this quarter in May or early July.

Cash burn average for 2017 = $222k
Dec cash balance = $1.9m

	Column 1	Column 2	Column 3
0	Receipts from customers	(Q4 2017 = $68k)	Per Month
1	Q1 2018 Assumption (50% Increase)	$ 102,147	$ 34,049
2	Q2 (50% Increase)	$ 153,443	$ 51,148
3	Q3 (50% Increase)	$ 230,497	$ 76,832
4	Q4 (50% Increase)	$ 346,245	$ 115,415

Revenue increase from Q3-Q4 was over 143%, lets play it safe and ball park it at 50% QoQ increase in revenue.

Assuming cash burn remains flat, this would get us through to August but with recently announced new positions we can assume staff costs will increase so best estimate would be a empty tank around June.
Unless of course we see growth rates higher than 50%.

Most recent CR was done at 0.023 and prior that at 0.017, representing a 35% increase.
I think a further 35% increase is fair given the company's increased revenue and growth, if we can maintain a SP over 3c then I think it would be fair to say the next CR will be at 3c but our SP is well below so it will be very interesting to see what happens.

If the Q1 results are good, which I suspect they will be given recent news on newly acquired customers - we might be lucky enough to see the SP rebound.

Purely all fundamental and technical could be telling a completely different story of course, but none the less it was a good exercise to understand CCP's cash position.


Fundamentals still strong, and the JV with Las Vegas partner is very exciting.
Good luck to all still holding, I am currently in the red with CCP having bought in too high but still confident in its potential.