illumin Holdings Inc T.ILLM

it is going to have huge operation problems

[mingzhu]

It has $6.7m outside SVB, which may not be enough to pay salary and payables and some other obligations. it does maor business transaction thought SVB, now it is shut down. its customers are going to fret. It may not lose all money deposited there. but problem is the time: when it can get its money . There is chance it is going to BK.

[Capharnaum]

Since they are cash flow positive from operations, their $6.7M should be sufficient to cover their short term costs. In the worst case, they could trim down employees. I don't think they are at risk of BK.

[Torontojay]

They are not at risk of going bankrupt but they could potentially lose a lot of money if there is a lot more to the story than what's being told.  They are borderline free cash flow positive after all the recent new hires so that should keep them afloat.  It is poor risk management by the company to have so much uninsured money left with SVB. The cfo and management should be