RE: Tweet25 Feb 2024 21:33
Chris, you quote...
"
Obviously at some point a cash raise will be needed but if as I've suggested there's (i) no rush and (ii) enough is raised to see Arc well into 2025 they then look forward to receiving $11m x 0.67 = $7.37m within the next 30 months, right? So the prospect of needing cash year after year is not necessarily true - one cash raise could see them potentially through to 2026 or later"
I think you are incorrect there. To quote Jarvis in her post today @ 19.04(if you can believe a word she says):-
§ USD 1,000,000 on the first anniversary of the Effective Date;
§ USD 1,000,000 on the second anniversary of the Effective Date;
So next November(ish) and then November 2025 they will receive $1million X 67% = approx £450k per year.
That wont get them very far will it????????????