5q funding is subject to them collecting $3m cash per quarter. $2m in cash revenue and $1m R&D tax credit.
I don’t see that happening at all. I will be really surprised if they even last 1q with $2.8m cash available. I don’t see big cash collection in October either else they would have announced $1m+ cash collection in October month similar to what they did in the last quarter!
basically I reckon they are left with less than $2m now!
CR incoming I reckon and it will be very different this time! I thought they got very lucky last time
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5q funding is subject to them collecting $3m cash per quarter....
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