as suspected, Huge cash burn, high cost of production...
now with 3.6M cash, 5M+ debt, next quarter expense is predicted to be 7.3M, looking at the production cost of 3.7M, I am assuming cash receipt of 4.8M...
incoming revenue plus the cash on hand can probably just last the quarter, but you would think they would want to raise before running low on cash...so a raise in March is looking very likely!
WNB Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
