RE:CXR is going to nosedive to penny stock Next stop is a gofundme page if the raise fails!
mingzhu wrote: 350 m secured loan is about the same size of book value of CXR. book value is close to zero now.
It cannot sell stocks, the reasons i mentioned earlier, now they sell debt to private firm. the interest must be higher than 9%, so 35m is added to that of 3.2 b. This is classical debt spiral.
CXR has value of course, but only for debtor not shareholders.
it is on the verge of collapse, vertually in emergency room now. Wow, people are cheering the loan.