In the quarterly cash flow report, they had $3.2M left at the end of Sept. Dec quarter forecast is to spend $2.3M, that will leave only $900k in the bank by Xmas. I doubt that Mike will let funds get that low before doing a CR, it will have to happen in the next month, before the holiday period starts. Given that the last cap raise was at a steep discount to the traded price id be wary of getting caught out.
VMY Price at posting:
7.1¢ Sentiment: None Disclosure: Not Held
