@writer, accepting your very positive views on the stock - what's your genuine outlook on the financial situation of the company?
I'm sure you would agree that cash at hand was getting low in the last 4C. Not at rock bottom just yet but anything less than $1m cash in the bank for any listed entity has "high risk" written all over it due to the potential for a hit in sales and/or some unexpected spending.
We know the 5c options are most likely not going to be converted so not much chance of a windfall there. Let's assume those all expire.
We know the capital management of the company is good, they don't waste cash but with so little on hand they will also need to be very conservative in how they pursue new opportunities or R&D. The lack of cash has to hamper growth at some point.
What do you believe is the likelihood of a CR before the end of 2019 due to the factors I've outlined?
I'm thinking 75% probability we see a CR within three months just that's just my 2c worth.
NB: Cash was about $1.4m in the last 4C.
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