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20:08
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Originally posted by Beancounterobj
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Hoofa, I believe that the company operating costs have been significantly reduced to $214,000 per month due to the CR only raising $1.5M. I also believe that there has been change in who controls the purse strings. I think you will find that the recent CR will last longer than most people expect. Lets hope that the recent sale of 40,000 devices will yield a lot more orders from the US and that the Patch machine is up and operating from Switzerland in May/June. Our company came very close to running out of money and was saved by a few long term shareholders lending funds to our company. Don't expect a good 4C for the March 23 quarter but look for a lot different result in the forthcoming quarters. PP knows that the only way to win back shareholder support is to really sell big and I believe his strong focus will be on manufacturing and sales! It is onwards and upwards from here with the commercialization of our products.
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Thanks for the well-thought-out reply.
(20min delay)