Yeah
@costanza58 the market is very irrational at times this company is dirt cheap sitting at only 15 million market cap.
Estimated cash burn for the next quarter is only:
View attachment 788205
.... Yeah that's it 495 k so this deal almost covers if you convert to AU almost 6 months of expenses and we went up a whopping half a cent for the day
what BS.
Perhaps the markets a little sceptical based on this comment in the agreement:
"ATM is required to apply for and use its best efforts to obtain all such Approvals (if required), with
eSense required to provide all reasonable assistance required in connection with this process. It is
anticipated that these Approvals will be received within three to six months of the date of the
Agreement. eSense may terminate the Agreement if the Approvals are not obtained within 9 months
of the Agreement."
So I take that as revenue potentially won't be forthcoming for 3 to 6 months. But ATM MAY NOT ACTUALLY REQUIRE ANY SUCH APPROVALS
So one would assume that Mr market is actually being a little bit hesitant to pull the buy trigger before the approvals are obtained? What am I missing? The chemicals ESE reverse engineer do not contain any cannabinoids - this is a huge advantage over our competition as it allows us to jump over these hurdles not to mention the cost savings they are huge!!!
I feel like this will snowball and other companies will get on board shortly it's all about the bottom line - cost savings are ginormous and creates all the same effects that the actual cannabis creates...
This company cannot be a ignored for much longer..
Perhaps our company can spend a little bit more on advertising and marketing
Anyways good luck to all - today's the start of something big
Cheers
Red bar
