Based on this report Eden are an optiblend company not a concrete additive company.
All that matters is cashflow.
They have 1Q of cash remaining as 31 December. They are burning $1.2M per quarter, if I'm being kind and factoring modest increase in sales.
If they get $1.5M from this capital raise, then they'll last until August before the next CR is due.
If they get 70% of the CR over the line they get $1M. They'll barely last until end May in this case.
Grim.
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