Post by
VK400S on Jan 25, 2021 5:51pm
If this money is not for acquisition, we are ******
But even if it is, what can they buy for ~25M leftover + new 20M + few mils from potentialy positive last Q? Not much...
This company is an extreme, it's really going to end up either extremely bad or extremely well for shareholders. I guess we all somewhat expected high risk high reward/loss when we bought in.
Comment by
theTransporter on Jan 25, 2021 5:54pm
I thought Beena was more conservative restructuring debt, reducing operating costs, killing any proejcts that didn't contribute to the bottom line, and just focus on running this comapny to profitability. I recall in their last MD&A they boasted how their cap-ex spending has come to an end, something very inviting in this industry. Like you said, this can make or break them.
Comment by
theTransporter on Jan 25, 2021 6:23pm
How did you arrive to this? You obvioulsy are using 1 year old data. Usually if you want to make a point, you need to have current information.
Comment by
VK400S on Jan 25, 2021 6:29pm
Debt is good if you can use it to generate higher ROI. For example I used debt to purchase FIRE shares and .. oh wait, that didnt work out :(
Comment by
OptGreen on Jan 25, 2021 6:41pm
Have to agree there JaI, if you can't see then don't waste your valuable time on a "no future" play...or better yet do your DD and buy before it is to late....JMHO...Opt
Comment by
ezemoney on Jan 25, 2021 6:10pm
I bet They'll have the Plunge Protection Team out for the next few days for "an all is well".