how this quarter will be

Any ideas as to how this quarter report will be?

My view is as follows::

This company has been bleeding up to now, there have been so many placements and there is not much money left to run the business today according to my calculations. (as I said they are my calculations and only my view, so DYOR)

Just browsing at the cash flow for investing activities and for financing activities, I understand whay why the share value is so low.

They have almost completely burned the 900K from last placement and also 159K they received from customers. “””””There is only 355K left”””””. And I believe they need almost 950K per quarter to run


So what sort of results I am expecting to have at the end of this quarter considering that they have not done any placements yet!!!! and that there is Only 355K cash left from last quarter.

In last report for the quarter:
1- They were negative 202K from operating activities
2- They were negative 409K from investing activities.
3- They needed at least 245K to pay staff for the quarter
4- They may have spent another 120K as operating activities, something they may again report as working capital.

The above totals: 202+409+245+120= 976K


Now, We know they have 355K left from last quarter and
assuming that they have increased customer revenue by 30%, then 159K*130% equals to 208K.
This will give us a balance of
Negative 976K (see above)
Positive 355K + 208K = 562K
Total Balance (Negative) 414K

I hope that I am very wrong, but if someone is in touch with liar Ron the maybe a good question to ask to make sure your decisions to stay or go have at least some fundamental.

Please these are only assumptions and information that I put together from published information on last quarter’s report, It could be different for this quarter, I have my doubts .


Can someone that is close to the business provide comments, Like I said I hope that I am pretty wrong....
DYOR