Future financing

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Kryst50

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Future financing

posted on Apr 28, 2022 09:01PM

From Tom M.
We exited the year with one of the strongest balance sheets and liquidity we have ever had with $21.3 million in cash and short term investments, no debt, and sufficient working capital for more than 14 months of operation.

The way I am reading this, means that they had 14 months of operating capital on Dec 31 / 2021. We are now in our fourth month of 2022. So,they essentially have 10 months of available operating capital. Can we not expect another capital raise in the next 5 months or so knowing, they will deal with this before they get too vulnerable to external factors out of their control. It does not sound like there will be any significant revenues prior to that requirement. Will the right investors be the catalyst to get this thing moving in a favorable direction and if so, is it worth advancing that eventuality to be favorable to shareholders. That being, someone or entity's, who can promote what we have.