James has repeatedly said that the company has about $2.6 million cash, no debt and about $4 million tax credits coming in soon. Cash burn is low, from memory about $1.2 million per quarter
He has also said that he does not wish to capital raise as there is enough to keep going. Furthermore he said that when he does a capital raise it will be at much higher share price levels, I assume this thinking is to produce as much cash possible with an absolute minimum dilution to the registry, I agree with this strategy as I would like to see my substantial investment grow and not be diluted unnecessarily.
We should acknowledge that Graham has a massive amount of cash invested, this is most likely why the registry is so tight, this is also the reason for it remaining so long term. RED
RCE Price at posting:
$1.27 Sentiment: Buy Disclosure: Held
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