I agree that a reverse split would be unwelcome. However, as of Jan. 31st, the company had $2.1M in cash. This suggests we should be fine for a little while yet.
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I may be wrong, but I understand that this total includes the 1.5 million raised for (but not given to as of Jan 31) Carmax.
600k is what we have available, and our burn rate excluding further development of our properties is around a million a year. I'm not sure on that annual burn rate number - but that is what I remember. If anyone has the number, please correct me.
So 6 months of cash left if we just hold off on everything, at least roughly.
When have they ever done nothing though?