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Message: How much?

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Re: How much?

in response to How much? by GOLD IA MONEY
posted on Aug 26, 09 11:24AM

Thats a good question. Though I haven't seen or heard of a particular figure, I would imagine Lantis is trying to raise preferably more money than it actually needs. Of course I hope there are no more delays due to upgrades, but if there are, I'm sure the company would want to have the money on hand to take care of it as soon as possible. Lantis raised just over 3 million dollars in the past, as stated in the 10-Q. Lantis completed a 2.5 million dollar financing in 2007 which I would assume lasted until this year.

The 10-Q does show a dramatic decrease in spending over the years, so maybe another 2 million to get them to the finish line with some cushion? Just guesstimates.

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