Couple of thoughtsHi all, happy to see some type of progress on the Urthdaily, was also happy with this statement
Despite these challenges, management believes the Company's medium- and long-term outlook are strong, and its strategy remains unchanged.
They also stated near term they are good for liquidity, also encouraging. I get the additional loss as they had to increase depreciation. And all considering with the effects on revenue etc for companies across the world operating during the pandemic, the results were as expected.
Here's where I get a bit concerned, and night I'd appreciate your thoughts and insights, wondering what you thought of this statement:
Management expects that such debt facilities will require first charge security liens against substantially all of the Company's assets, as well as significant dilution to shareholders through equity and/or warrant issuances to lenders.
I understand the dilution, but with a deal do we feel the rise in SP would cover the dilution?
Nothing in this made me want to buy more, or sell, just hanging in there. I do however believe in the leaders of the company, I just wish they did more with communication ( even the twitter acct rarely gets updated!)
GLTAL's
CBS
PS. Ernie posted his long breakdown of why he feels failure is coming, I do read his posts, most are garbage, but that at least had some substance whether or not I believe his views. One thing that caught my eye was is closing statement "tick tock", coincidently the same closing words or the new swiss account that recently popped up. F the games Ernie, keep bringing your views to the discussion absolutely, its good to have both sides, but come on man, the games make you look like a clown!