cash, free float and website2 May 2020 18:20
Hi all, my 1st post here. Some comments:
Free float actually includes the holdings by Hargr Lan, and Int Inv, because PIs trade through these brokers.
Co website - I actually emailed them in mid March to suggest a Covid update (ie how it affected working on premises). I never got an answer but somebody from the Co actually looked me up on LinkedIn!
Cash - we had about 2.5 mln at y/e, plus appx 300k due as tax refund (from R&D) by July, plus another 250k in Dec.19 sales (Debtors in Notes), plus (a guess) 100k saving from less flying around = 3.1-3.2 mln for 2020. Assuming (big if) 1 mln of sales at 50% margin, that's another 500k in cash. Total 3.6 mln, whereas cash burn is 200k pm = 2.4 mln for year
Conclusion - dilution will come at summer end, or September, hopefully by then Co should issue 2-3 big price moving RNSs so maybe 10-15% dilution?