RE:Keep your head when all about you are losing theirs..
I think that a lot of the reason for the rapid decline is that the market is now telling them their burn rate on cash is getting too serious..... they are talking $15m in 2018 cap-ex of which $3 m was in Q1..... so we are looking at another $12m .. if they somehow suddenly and for the first time in a while even had just break even operating cash flows.... we look to be exiting the 2018 year with $35 million or so tops. if operating cash losses for the next 3 quarters jut equals the last quarter operating cash loss of $10 million then we have less than $25 million in hand and an ongoing negative cash flow..... parking $100 million plus into vertical scope will be the cause of death if in fact Torstar does not make it as a public entity..... at least imo and I have followed this for quite a while now.....