RE: Volume17 Mar 2026 09:32
Clue
Revered CEO Levy has stated that they are hoping for a doubling in revs from $1m to $1.7-2m.
He has also said that if the warrants are exercised, revenues double, and with all the recent capital raises then the capital will last towards the end of 2026.
So £850k raised, £750-900k, from warrants and £1.35-1.5m revs means a total of £2.95-3.25m and this will NOT get them to the end of 2026. Just ‘towards’ the end of 2026.
Yep so Levy is estimating that he will burn through £3m in let’s say 10 months. But he can 👌 not do that if revenues mysteriously double and the SP doubles!