"but i really do hope they convert something before january when their cash runs out again"
At June 30th they had $1.7M in cash (Herbert did say in Webinar thats not much...haha)
So $1.7M Cash plus $6M CR plus $3.1M Revenue (Perron and Sabanci) = $10.8M not counting Repkon (TKF1000 plus TKF3250R) and any other sales for LP/MP/TKF (estimated additional 28 machine sales for FY24) for the remaining 10 months of FY24.
SUPER OPTIMISTC remember
They claim to have reduced cost by 30% during Mat/June FY23
They burned $18.83M for FY23 so thats and estimated $13.181M after 30% streamline for FY24
So they need only turn over another lets say $4M revenue to break even for FY24..... I think, IMO, thats what Herbert was eluding to when he replied with an emphatic "NO" to needing another CR
Ann: Notice of Results and Investor Webinar FY23, page-11
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