Lets be very clear here.3DP needs cash and now. It does not have...

Lets be very clear here.

3DP needs cash and now.

It does not have sufficient resources to wait another 2-3 mnths for CF+. IMHO, they have now less than 5 wks of CF runway left. Very basic calcs are $1.5m at Dec 31 + $1m placement - $0.5m/mth net cash flow (yep...we are not CF+ yet) leaves us with $1.0m by end of March. Given the $2.8m of trade and lease liabilities (which will not have shrunk since Dec 31), $1m of cash must be very close to the minimum that will be allowed by these third parties.

There are only 4 possible sources of short term cash (my est is for a need for at least $3m):

1) Material contract(s) with upfronts/pre-payables. This is possible but any upfronts would likely be heavily discounted.
2) Material contract(s) followed by material placement to industry/cornerstone player at a premium and maybe a (U/W?) RO...(possible source of leak?). Change of Share registry may be a pre-curser to a R/O??. Yet 3DP should not rely on much from existing Shlders,
3) Super placement (requiring SH approval) and/or RO (min 1 for 4) at a super discount,
4) Mezzanine finance: Please No. This is like giving 'last rights' to equity holders.

I am hoping and praying (the bottom stage of any investment strategy) for a really positive announcement....but any way you cut it.....we need cash real soon!

Cheers