GREY:SMDWF - Post by User
Comment by
prasaton May 07, 2016 10:50am
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Post# 24850579
RE:One theory..I said one
RE:One theory..I said oneActually I think you do have the essence of the conondrum that Steve is in.
Though nobody can make a public company survive if investors won't pony up the money.
Then it becomes a balancing act of trying to have the business survive until such time that business/revenues pick up to take some of the burden off of raising cash. This is the challenge he has right now.
He needs to run lean, but not so lean that the company cannot fullfill its obligations.
It's a tough balancing act but I'm glad to see someone at the helm with his background and being from private ownership will be much more conscious of driving efficiencies where possible.
I'd like to put more in, but I need to see either enough of a raise in cash to carry them for a decent period, or a significant rise in revenues which is within reach of their burn rate as I still think there are challenges in convincing investors to invest.