You really think he is an ex employee. Whatever it is, he is jaded as they come. You just never know, he could easily be someone involved with a company they sued too. I noticed similarities in the way he and that farmer guy write. Same mispellings and same sentence structure. They mispelled the exact same words in posts today. I suppose they could be both equally illiterate and uneducated but that seems like too much of a coincidence.
farmer, dont even waste your time calling the company. just like when the shrill said oh go and get a tour and see and talk to some of their employees and see just how good thing are. that turned out to be totally bogus and a sham cus they said they don't do tours. they won't answer any questions cus they don't have any!! What a shrill/con game. LMAO!!!
It all depends on the licensing deals and how big they are. Plus, I am cautiously optimistic about those but would not bet on them. They were at 11 million cash as of March 1 so they're probably around ~8 mil right now and will probably be around 7 when June ends. I am assuming by end of September they'll be at 3-4 and if that is the case with no licensing agreements I can see a dilution. The August CC will be VERY important to see how much cash they have on hand.
As far as the multiyear deals, you're right he never mentioned size. But I'd go conservative and assume say 10-15 million and realizing 2 million a year. One of those would not save them at this point I don't think. You would need a couple.
They also said they thought they would sign additional licensing deals this year which would likely mean they wouldn't need to raise more money. Plus there are other ways to raise money. At this point being debt free is very nice for a company at this stage of development.
You may also want to relisten to the part where Ivan talked about potential multiyear deals. He never mentioned size. They could easily be 8-10M/year over multiyears. That would be a game changer as he said.
At 33:29 they basically said they were looking to go out and raise more money...the only question is how...I'm surprised that you would adamantly state that they won't dilute us arn.
That could also mean raising money via a loan against the growing receivables....why in the hell at these prices and while they have cash on their hand until the end of this year with rising revenue would the management dilute the shares??? And "when" they close just one of those $10M+ contracts then all this will be mute point.