Re: New MD&A posted
in response to
by
posted on
Dec 17, 2019 12:46PM
Correct Koo - "What is stated in the MD&A is pretty much typical, which is a safe harbour, cautionary notes. We had seen this before when the situation was much worse. So please let's all take a step back and stop coming up with all sorts of Nostradamus scenarios. Now is not the time."
If you look back through the MD&A's, I am sure you will see this often as it is with other companies with no revenue and no big bank balance. Below is from the previous quarter while we were awaiting BoM results. If you don't have enough cash for one year and no revenue, this statement comes into play.
"We will have to raise additional capital. If we are not able to raise capital, we will have to reduce our cash requirements by eliminating or deferring spending on research, development and corporate activities, or may be forced to cease operations."