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929 Posts.
205
07/02/22
16:49
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The Negatives:
- yes, where is the hockey stick?
- delays on intended timelines re announcements
The positives:
- The 2.7m options/shares are in safe hands - JMB
- MJ converts 300,000 options @ $0.287 (approx $86k paid by JMB)
- Maybe MJ has $86k to put towards converting some options in the future
- RD also converted 3m options
- RNO received $1.722m prior to 31/12/21
- As a result the Cash Balance looked better in the quarterly
- The quarterly touches on money due from AR in March qtr
- That buys some time for more things to fall into place.
- They haven't touched the standby credit facility yet
I look forward to the day when there is less innovation such as this and more results that speak for themselves.
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