PA. Let's check this again when the company reports how much is left and how many quarters funding they have (in their September quarterly cashflow report).
It might be somewhere between what you are saying and what I am saying. I hope for shareholders that it is.
I hate private CR's if that's what it comes to. They are a scourge on small investors.
As you would be aware the September cashflow statement will require a response to these questions:-
8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3)
8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions:
8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
VMS Price at posting:
5.5¢ Sentiment: Hold Disclosure: Not Held
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