GREY:PLUUF - Post by User
Post by
rockmoneyon May 28, 2019 11:25am
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Post# 29778140
LATEST FINANCIALS ARE UGLY
LATEST FINANCIALS ARE UGLYJust looked at the FS for period ended March 31. Cash: $1.99 million Current Liabilities: $0.763 million Real Cash: $1.22 million Then take a look at the G&A burn - it is truly insane for a small company like PLU. These guys are gouging $216,000 PER MONTH!! So today they have about $800,000 cash or less which means another stupid dilutive financing is coming real soon. These junior managers act like they are with big companies and happily milk the treasuries dry. All I hear is a big sucking sound from PLU.