If Fred did raise $8 million since just since Sept 6th, than the math goes like this......
$8m-$9m x 3 months = $24-$27m per qrter.
$8m-$9m x 12 months = $96-$108 million per year.
I’d call that damn good!
To be on the safe side, Fred needs $50 million by Dec 31st.
You can’t do a straight-line projection like that in this case.
You had a whole lot of people just waiting for Thompson to declare for them to open their wallets. That “bulge” in the cash flow has passed.
Can he use it to catch up with his rivals? Maybe. But don’t bet the mortgage on his next few months.