Wow, what a shocker!
Now I guess we know what the last raise was for. Without that injection, that last quarter would have been disastrous. What happened to the $200k billings for the that quarter as highlighted in Mr Baum's Operational Progress update back in December? @fasterwater: what do you think of them apples?! I remember you seeing that update and saying, let's wait for the 4C.
With only $176k going into the next (current) quarter against a predicted spend of $758k for the quarter, how are they going to do it? There's not enough to cover the (current) first month, let alone the rest and the late announcement of the the NDP agreement (once again lacking any revenue projections) does nothing to calm the nerves.
Another capital flight (only 100,000 shares) at the end of the day shows another huge drop of 16% in share price and confidence.
What rabbit will they manage to pull out of the hat this time?
TKF Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
