RE:RE:RE:RE:Q3 Preview: 122% Rev Growth w Record EBITDA…I agree, but net debt load is not as bad as first glance.
I look at this as nothing more than the core NameSilo business and all other resources should be used to support the main operating asset.
$10M Loan - $1.2M Cash - $1.5M Bitcoin - $2.8M Investments = $4.5M Loan Net of Undeployed Capital in NameSilo.
If I look out to Q4 and into FY20 I have them generating cashflow at a pace of close to $800k - $1M/Quarter.
Is it a suboptimal sitiuation yes, but is it an existential threat to the business... thats a hard no.