RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Overall Stock market due for a major spike "rotaryguru - (4/21/2020 10:53:27 AM)
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Overall Stock market due for a major spike Erocc said on April 2nd that they could be finalizing deals in the next two weeks so we are possibly getting close to BIG news: "They just did a raise, have multiple supply agreements, massively cut spending. Will likely be profitable in a quarter or two. Bankruptcy is not on the horizon. You wont go bankrupt if you are turning a profit . Word is they could be finalizing some deals within the next two weeks too. We shall see what happens."
(Ignore the part where he said you won't go bankrupt if you are turning a profit as this is completely incorrect and inexperience bleeds through I just don't want others thinking that :)"
Thanks for clarifying this, and also good point about a company going out of business even while turning a profit.... Last year I read in the news about a profitable diamond mine file for bankruptcy protection, and subsequently effectively go out of business... ps they were making 60 million per year in profit when they went under... ouch...
GSTA THE LONGS