From last 4C
700K cash on hand
4M loan
2M convertible note with another 2m to come
maybe 4-6M income from canceled contract
4 M required to start production.
2 M to keep the lights on.
it all comes down to income I guess. If they can secure the 4-6 m (I'm assuming they negotiate half the original income) it will be close but doable.
That would require 4-6m raise.
The last cap raise was before FDA approval and finalization of production platform.Hopefully people can see a better prospect here.
As an investor, while keeping your eye's open to the doomsday scenario, its pretty much out of my hands now so I can only frame positive sentiment and hope they succeed. Dumping on them at this stage is a little pointless although I appreciate that you called it right back in the day.
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