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Braintech Inc. > Message
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Re: slump in auto industry and ABB

Posted by: nottooshabby on July 16, 2008 07:57AM

In response to: Re: slump in auto industry ... by lypsyl

My concern is that we got $5million this year from ABB, or at least we are supposed to, and this will get burned through, considering the burn rate and the outstanding loan. Did we sell $5million worth to them? That is 250 licences.

All i am saying is if ABB did not think they got their monies worth the deal may not be as sweet as last time. The other avenues have to pan out.

On another note our dilution keeps going up. Millions of shares are being given out for executive milestones. Before you know it we will be at 60 to 70 milllion shares outstanding for a $0.30 stock. Do the math.

This company has so much potential it is scary, however we are at the cusp by year end.

ABB will come through, but how much?

Cheers,

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