Q3 and beyond - predictionsIve been reading the past posts and surprised that people expected Ackroo to be close to break even after Q2 based on their current run rate.
here is how I think the future will looks like:
Q3 financial:
1. They finish the quarter and may or may not break even on operational expenses (close)
2. They still have debt payments to DCR which eats up their existing cash in the bank
Basically, finishing Q3 with zero in the bank and have to figure out what the heck they are gonna do get thru Q4 and beyond.
3. Eventually, their sales growth will be enough to cover operational expenses + DCR payments. This will most likely happen in 2018.
The Q2 MD&A mentions that they will either raise more capital in the fall(2017) or go thru more cuts and become extremely "lean" to slash operational cost.
Conclusion, the cost cutting will hinder exponential growth with limited staff support and/or the dilution sucks for all current SH. I think most people are waiting for the potential anouncement of the next PP to jump in at rock bottom prices ahead of greener pastures.
I dont foresee any sp movement until we have a better understanding of the future.