Ann: Placement to raise $1,000,000, page-108

  1. 1,986 Posts.
    lightbulb Created with Sketch. 2253
    "drop in the ocean? 14 million? are you ok?"
    Thanks for asking - I'm fine.

    I am saying it is a drop in the ocean because they need $18M just to get started (not including ongoing costs) and with over $2M a quarter being burned, that $14M suddenly becomes $10M. That said, you are also assuming they will get $14M for their share of IDSB. I would be very surprised if that ever happened.

    Anyway, we're destined to disagree on all of this. Sounds like you are in for the long haul, so I wish you luck, but I just can't see OVT having a viable future.
 
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