On the 30th jume qyrt rreport pos stated it had $45 million in cash....
Repayment of the note now leaves them with $27.5 million minus expenses incurred since that report..
Pos appears to burning through the cash it had raised far too quickly.
This does not appear to leave enough cash to bring any plant into production.....
What it does not say is if the not has been repaid in cash or shares.....
It appears the by years end they will have to either have positive cash flow,borrow money or do another capital raising...or sell off an asset..
It may pull a rabbit out of the hat...but I have decided to leave this one....
On the 30th jume qyrt rreport pos stated it had $45 million in...
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