RE:Latest financingTheres nothing he can do. They overbuilt capacity, now they have to operate hoping that sales materialize because at this point, their fixed expenses are so high that they cant afford to wait it out, they need to make a ton of products (with all those variables costs that are added. Retaining employees is cheaper at this point than trying to recruit en masse, in a sector that has failed to deliver... who would want a badly paid non steady job.... hahaha) and hope that buyers are ready to buy what they offer. Even if they buy the new stuff, they have a tonnnn of finished goods that will require impairments sooner or later... tick tock. Dont forget the exponential cost of financing... share dilution destroys potential of a reasonnable EPS
Greenshooes wrote: Are we out of operating money already??? The beverages aren’t likely to come out until spring. Hexo is in bad shape if they have to borrow all through 2020 to pay the bills.WTF is SSL going to issue stock each time, and there building out in Greece right now, SSL are you high, we have no cash in the bank dude and your building out.