RE:RE:RE:Mathieu Martin - Sticks and Stones - Deep Value?
Possibleidiot01 wrote: Balance sheet is rather interesting .
March 31,2024 December 31,2023
| Cash and cash equivalents – beginning of period | | | 55,455 | | | | 85,941 | |
| | | | | |
| Cash and cash equivalents – end of period | | | 55,540 | | | | 80,151 |
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Does it make sense the company left 2023 ( December 31) with $80.151 million and started the year with $55,455 million?
Where did $24 million go with no announcement ?
Is that what you're referring to?
They are buying back stock but the share price continues to crater. Imagine what will happen when the cash is depleted and they can no longer support the stock price.
There should have been a lawsuit filed against these guys. They swindled investors with nothing but false hopes and dreams. There is nothing disruptive or good about their technology.