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Ann: Collaborate Corporation completes oversubscribed fundraising, page-30

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YStrategy

10,917 Posts.

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16/12/15

15:27

Post #: 16627898
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Originally posted by Menza ↑

Cash burn at the moment is somewhere between $100k to $200k at the moment per month - so this should last hopefully until mid next year.

They'll probably need to raise again in June, but a lot can happen by then. DMC could take off (and maybe even reach positive cash flow), My Caravan will likely be launched fully, Rentoid can be fully updated in that time, FundX might also take off - there are a lot of shots on goal with this company - not to mention Peer Pass as well!

Also, there are options that will be exercised prior to April 2017 which will hopefully be a steady stream of money for the few months prior.

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That's a logical way to look at it.Given they have raised before end of Dec I suspect the cash burn will be $400-$500k this quarter.You would hope the cash burn slowly improves in that they achieve say $300k or better this quarter.

CL8 Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
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