RE: Health Care Contract3 Oct 2024 13:04
Spyonthwall I am simply stating the obvious. The IP is worthless at his point. IP only becomes worth something when it is generating revenue. Unfortunately they are not generating any revenue yet. Their sales will be well under 1 million this year and their cash burn will be around 6 million. That is a 5 million a year loss. They currently have enough money for the next 2 months . This means they either raise money at a big discount like last time or they go bust. The problem here is that they are potentially a great company but they need a huge amount of cash to get there. I simply do not see any way other than the price going dramatically down until a real funding line is sorted. Everything I have stated here is based from black and white on their recently reported accounts. When I invested I didn’t have access to this years accounts but now I do. I am massively underwater here and have wrote the money off because I don’t see any funding line coming. I hope I am wrong though