RE:RE:Q2 results on Aug 23 I agree. Karen is a good fit for the current phase of company evolution. Essam was more of expansion guy while Karen more into operation. However, I don't think q2 is going to be as bad as market expect. Although impairment announced earlier 26 millions sounds large but it is from goodwill so really no impact on cash position keep in mind debt will be reduced by 3 millions cash burn should be below 5 millions. So ya cash position of 40 millions sounds about there. The current market valuation is just stupid compared with peers. I don't think it is a good reference point. Simple comparison with Tdoc and well will show that. Jmo
Dartmam32 wrote: The Q2 results will be dreadful. The losses will be huge , but remember they will mostly be one time charges. So the market should look past them. The cash situation will be interesting. Will it go down to 35 million or 40 million? I'm sure it will be bad. But remember this is all built into the stock price already. It won't be a surprise.
I think the interest coming into the stock is probably related to Karen being announced as the permanent CEO. As I posted more than a week ago, I'm expecting something to come out before the earnings. She will probably pick some new board members to join her.
I'm sure she has been working hard to clean this company up. It has a lot of great assets but it also has a lot of assets that just don't fit in and don't make a lot of money. If she is going to make CloudMD cash flow positive it will be because of all the work she is do now. Stay tuned! The next few weeks will be very interesting and the turn around will begin.