Almost 100? People on the Payroll and....they are still looking to add 13 more......
https://cubicfarms.com/careers/#open-positions
Are these people delusional?
There is one piece missing from all of this that I have already written about.....lack of sales and long sales finalizations/revenue recognition. So, again, either they see a large sales volume coming or they are delusional and pretending they are bigger than they are.
I love the story / technology. But the staffing and overhead is certainly not warranted for the revenues to date in my opinion.
Cash burn = eventual dilution and that just occurred as I had been writing about. There is large insider ownership and third party ownership but, that is diluting with each financing. Why dilute themselves? This is the piece I seem to be missing. Again, they must see something coming because that is the only reason I can see for this massive overhead insanity.