I Told You Monty et alI told you more than once they'd be doing a financing and all of you pumpers came out of the woodwork to deny deny deny and tell me how the cash is pouring into the coffers and how the cash flows will just keep going to the moon and how I am so dumb.
Where are you now Monty? Do you want me to pull up those posts too or will it hurt too much? I've been right on sooooo many things here I've lost count but I also told you more than once this is going under $4 and now the financing I also said multiple times would occur. I also said long ago the intangibles were out of whack and you could see in the last statements that's exactly what the auditors were focused on as per their own commentary.
Serial acquirers all have the same playbook.....under the guise of "future" acquisitions, the acquiring needs to occur to put cash in the coffers because it burns faster than it can be generated and so the financials require a forensic accountant to decipher them. If the acquisitions stop the tide goes out eventually and the real truths are revealed. Always the same theme, increasing debt and ongoing financings. Dilute dilute dilute. I won't even get in to the EBITDUH debate because it's exactly as I described before, a distraction. Financial statements reign supreme every single time in the end. It may take time, but they always expose the realities eventually.
Less than $3 buckeroos on the waaaayyyyyyy after this dilution. And I would suggest the cheerleaders wait for audited the annual results next March 31 at 11:59pm and save their cheers tomorrow after the unaudited 1/4ly fins. Saves you from embarrassing yourselves. Accounting is a beautiful thing.
Maybe they could sell some used hemorrhoids for cash instead of shares. Saves diluting shareholders.