NDixon
Oct 3, 7:42 PM
$REFR
Next catalyst:
The
$1.53M Bad Debt Reserve on the 10-Q is 100% written down. Any recovery flows straight to net income—wiping out our entire H1 operating cash deficit (-
$951K).
With 34.87M shares outstanding, a recovery adds:
• 50% Recovery =
$767K cash (adds 2.2 cents/share)
• 75% Recovery =
$1.15M cash (adds 3.3 cents/share)
• 100% Recovery =
$1.53M cash (adds 4.4 cents/share)
Now that Gauzy's restructure is complete, the next shoe to drop is the French escrow cash. Harary explicitly noted that the court's EUR 9 million escrow "is released to pay Vision Systems debt, which pays us in full."
With debt resolution paying us in full and
$7M in new financing flowing to restart production lines in Germany, REFR is built for explosive cash-flow positivity. . Once cash positive, excess royalties go straight to dividends. No overhead, pure IP licensing. Bad Actor short algorithm can't stop real cash volume.
0 replies