From last 4C 700K cash on hand 4M loan 2M convertible note with another 2m to come
maybe 4-6M income from canceled contract 4 M required to start production. 2 M to keep the lights on.
it all comes down to income I guess. If they can secure the 4-6 m (I'm assuming they negotiate half the original income) it will be close but doable. That would require 4-6m raise.
The last cap raise was before FDA approval and finalization of production platform.Hopefully people can see a better prospect here. As an investor, while keeping your eye's open to the doomsday scenario, its pretty much out of my hands now so I can only frame positive sentiment and hope they succeed. Dumping on them at this stage is a little pointless although I appreciate that you called it right back in the day.
CDX Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
