RE:RE:Looking Ugly
I just reviewed their year end audited FS.
These guys went out and bought a damn lodge for +$3 million bucks! So its on their balance sheet as a lease liability. They owe more than $1million in July and have less than $4 million in the back today. The burn is also still crazy high.
This whole thing is imploding from mismanagement and zero cash management controls.
This company thinks they're Glencore or Teck!