Had not looked at GWM in quite awhile till it pooped up on my screen for the sudden increase in price. They did a mini pilot in a lab setting. Not sure what that is but suspect it is a non structured lab using glassware. I have not read financials in about 9 months so I went back and read Q3. they went through a little more than 20M in Q3 and had just a little more cash than that left. Since I did not see any extrodary cash coming in, they should go broke this Q. Could someone please explain how these lab results caused a 50+% price increase? Also all the old problems like receivables being 1/4 of the payables still exist so they still have a lot less cash than what is shown. Why should I expect any thing but a fire sale in near future? Are people buying on this info without even reading last Q report? With out considering what it will take to take the lab process and make a plant? How we were told years ago a full plant was less than a year away and now it is a process in a lab flask? What piece of news am I missing? Surly this stock cannot be going up on this!
You may have read the Q3 financial report, but you didn't read it carefully or correctly. That statement of cash flows was for the 9 month period. It shows net decrease in cash and cash equivalents of $ 25,086,501. The statement in the Q2 financials shows $ 19,941,081. I hope you can figure it out from here.