running out of money
Hi, everybody,
I'm having this one for a long time on my watchlist. I'm having some questions and hopefully You may help me.
1. When will the annual financial be relesead?
2. How will they get rid of the loss (financial from 09.2017):
Total assets: 21mil
Current liabilities: 4.5mil
and a Mkt cap: 4.5mil (from today). Sounds good and there is also a small income from operations (1 mill). But the total income is still a loss (-400K). And this has not changed.
So this company is simply running out of money. There is cash left until mid of 2018 (JIMHO) and I have found nothing that can be sold (properties). Everybody is talking about the lawsuit but, sorry, lawsuit doesn't matter. Perhaps they will get rid of the lawsuit but the existing business is still not profitable. But perhaps You are having an idea how it will become profitable?!