Post by
Rockafellow2 on Nov 10, 2022 10:01am
What's going on?
Isn't 100mil debt good if that is needed to make 200mil in product?
If they weren't selling anything that debt would sink them BUT making 25mil every quarter would wipe that debt out in one year. Correct!!!
Just talking out loud.
Mo
Comment by
bingostar on Nov 19, 2022 9:41am
Incorrect, you do not repay debt with sales only with cash flow and now they are cash flow breakeven. Their business model do not work , they pay to much for acquiring rights and also taking all the risks of regulation rejection. This company is technically bankrupted unless they get massive equity infusion and dilution.
Comment by
Rockafellow2 on Nov 21, 2022 2:14pm
Bingo ... U have to admit that sales r important else no cash flow is possible so they r constantly selling approx 25 mil $ every quarter, so that seems to me a positive thing. When or if they get approval for that other thing, then cash flow will be important. .... Yes Imo
Comment by
bingostar on Feb 15, 2023 3:03pm
Apparently im not the only that noticed the flaws of this company that just been hammered by negative recommendations of brokers.