Nov. 14 at 4:31 PM
$NWTG Someone here want to explain the insane amount of copium they put on the ATM in an attempt to down play it?
"
$10 million is over, at our current run rate, that’s over two years of operating capital. There is no need to dilute our existing investors and go raise
$10 million at this level."
"we’re not burning a tremendous amount of money"
For reference they spent:
Q4 2024: 2.21m
Q1 2025: 2.82m
Q2 2025: 2.91m
Q3 2025: 3.23m
Or over 11 million spent in the last year. They will currently have around 1 million cash left as of end of November.
Their cost of operations goes up each quarter, and they clearly mentioned they want to keep expanding which will balloon it even further.
Their gross profit for the past year hasn't even been 5 million yet. Their 2026 has no plans of breaking even, let alone making a profit either.
But yeah, guys don't worry this 10 million is gonna last us "over 2 years". 🤣