Cash flow for general operations for a year ended on 9-30-19:
If Poet had 5.8 million cash on 9-30-18, added 4 million from Denselight sales over the next 12 months, add another 3 million from the prototype, could be some additional grant monies received... that would be roughly 13 million. If cash outflows remained at roughly $850,000/month, it would seem that there is not the serious cash flow problem from OPERATIONS that we have been basing things on.
Is that why they have not been as concerned over cash flow as we have? Is the 4 million cash earnout to partially help bridge operating cash flow after denselight is sold? They will have the cash from the sale, in addition to this, they are looking at obtaining additional funding, possibly thru debt financing. They must have some big plans for the near future?
I think Suresh would love to share his future objectives with us, but it would not be prudent for him to do so, plus there is that whole nondisclosure thing.
Future Staffing: There have been thoughts that we would be a very small 3-4 person company after the sale. Wouldn't Suresh and our buying partner want us to hit the ground running after the sale of Denselight? A modest staff of engineers, sales, marketing, accounting and office staff,etc.. Would Suresh and our partner already have a very good idea of who goes with Poet and who stays with Denselight? Our partner would then bring some of their own staff and hire some outsiders. Maybe this is part of the reason there has been aditional hires.
Just some thoughts that have been on my mind. All in my very humble opinion.