Red Light Holland Corp. TRUFF

TRIP: Cash Balance / Burn Rate

[Flagshipzilla]

How long will this company survive?

1 year ago this company had 30 million in the coffers.  As of the last quarter the company declared a balance of 21 million.

The burn rate is approximately 1.1 million per quarter.  In 12 months or another year the company 17 million assuming no money id spent such as buying land that more than likely will not make any revenues for 5 years or if the company doesn't declare a surprise loss. 

The company has over 360 million shares.  The industry is considered dead money and no more financings will happen.

Once the cash balance falls enough and people realize that the dream is on its way out the window the stock will crash.

The next quarter will soon be announced as the short balance keeps going up.

Over the past 2 days the SP trading average has been going down.

You get what you pay for...

[SamRothstein]

If you get what you pay for can you ask your $20,000 a month trading platform if they could do some basic math for you?  If burn rate remains 1.1 million per quarter (I expect that burn rate to drop since revenues keep increasing) and they have 21 million then they have a run way of 5 years. But thats ok, we know you just want to ask scary rhetorical questions to try and help your short

[Hammer1]

My initial investment was at .075 cents.  I recouped my initial investment in the .60 ish range but waited to long to get my rest out at just under .20 cents.  I said I would wait until it reach the level of my initial investment if it ever got there.....looks like it may.  I went against my gut when it was sitting somewhere in the .50's and they had an offering at I believe .44

[Hammer1]

Meant to say that's I would buy more or buy back if it ever reach the level of my inital investment (.075) or under....

[Flagshipzilla]

You would buy more in the 75 cent range if your 75 cent investment that went down as low as 7 cents recovered?  Are you a new investor? Most would have averaged down already although averaging down on a losing stock is never recommended. best of luck.

[Hammer1]

Sorry I said it wrong in the second post.  My initial investment was .075 cents NOT .75.  And yes I would consider buyiing in again if it went to or under .075...and it probably will. 

[Flagshipzilla]

This sector was hot off the tails of the Cannabis sector...  Now MMJ is considered dead money and not getting financings so imagine how hard it's now for the shroom industry.  It may recover at some time but only companies with serious funds left doing real scientific reasearch and not fluff companies like TRIP.  

[SamRothstein]

Holy crow just how big is your short position? or how big is short position of the people you share your $20,000 trading platform with?  Its funny though how you call one of the better positioned company in space in terms of strategy, cash, revenue growth etc. a "fluff" company.  But keep on bashing Zilla. It is sometimes fun to have someone on the board to mock, especially