Just want to get people's thoughts on when we can expect the next CR?
What sort of discount to current share price are we expecting? eg. 15-20%?
All the other U companies, eg. BMN, THR, DYL, etc have all done their CRs already, and it's no secret that VMY are starting to run low on cash:
As per latest quarterly:
* $4.3M left in cash
* burning through approx $1.2M per quarter
* no revenue coming in
we're now in the last month of this quarter, so if I'm thinking a CR sometime this month, probably at a discount of around 15%
time is of the essence here.. VMY should do the CR soon, before the SP drops further (SP has now dropped below 8.9c, and a discount of 15% would be a CR price of 7.6c)
