According to the last 4C - 30 Sept 2011 - CGP had $872,000 in cash and the last quarterly burn rate was $800,000, so... unless expenses change dramatically or they get revenue in the next quarter or two they are going to run out of cash.
So,... when will they announce the next capital raising ?
They'll have to come out with something soon because even they suggest that their earliest revenue source is only going to start off being marketed in the next few quarters and is of low value. No way they'll make up that much that quickly, so....
Does anyone know of any dates, terms, amounts, etc...?
Curious as to whether existing shareholders will get a look in or if it will be going to a limited circle of 'friends' or if get a cornerstone investor in.
Thoughts?
when is the next capital raising
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