GREY:LGLTF - Post by User
Comment by
Muddywater2013on Jul 11, 2014 6:03pm
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RE:RE:New Financing Coming
RE:RE:New Financing ComingFacts for F2013: LOY's average direct cost + expenses is 63% of revenue., which means annual cash flow pay-out is at least $34.65M, or $2.89M per month based on $55M revenue this year per their own forecast. Having a cash balance of $3.1M is hardly enough to cover 5 weeks of cash flow. Whatever happened to the record profit? Anyone notice all these record profit always ended in depleted cash flow Q after Q? Institutional investors figured it out. All the selling are not from retail. Offers were posted in quarter million to half million blocks. I also do not think they were selling for a profit but taking losses and bailed out. Most of the big block placements were above $0.42.