thanks JR but I don’t think we’ve had a quarter of less than $4m cash burn for years, so even if there is $1.2m due in Jan I can’t see cash burn at best being below $3m. They also won’t let the well run dry before they raise, so if we burned $3m each of the next 2 quarters and had $4m left come July, they will still be looking to have raised by then. We can’t expect to scale up our manufacturing with such a small buffer.
If there’s any ramp up in manufacturing required this will only burn what we have left faster, although it will make raising funds much easier.
I hope you’re right, but I feel like UBI has disappointed each time it’s looked like stepping up
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thanks JR but I don’t think we’ve had a quarter of less than $4m...
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