Guys now i will apologise if i am wrong but the more you look into this the more it is on the nose
I posted the line below on the 3/6/16
They have projected $275k CASH BURN next QTR = NEG $111k by JUNES END
If you look into the June qtrly you will see that BSM supposedly Have $166k cash at hand which i cannot deny they do have,
but look a little closer and you will see they took out a loan from somewhere to the tune of $480k to show that $166k cash in hand
talk about smoke and mirrors
So without that borrowing @ junes end they would have been showing a negative - $314,000
So before they start at some stage from this recent CR debacle there is a negative $314k deficit to catch up on, outstanding from the last qtr debt
So close on 3 times what i predicted in my june post
make of this what you will, and i will stand being corrected and apologise as i said if i am incorrect
And i also got my answer with regards directors buying
talk about one and all in the trough
but i wont go into that i think even the hardiest of supporters have now seen through this CR
Have a good wk/end
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