GREY:HYBOF - Post by User
Comment by
Gump888on Jul 11, 2018 2:57pm
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Post# 28301657
RE:$10M in the bank and trending towards $30M EBITDA
RE:$10M in the bank and trending towards $30M EBITDAThe 30M EBITDA was based on Bitcoin at 20K and mining difficulties which were much easier. Both of those factors have changed greatly against HyperBlock to the point you may be looking at 10%-20% of that for 2018 (if lucky) hence why the price of the stock has completely tanked. That will likely have them running in the red and eating up the cash they have in the bank really quickly.
What usually happens next is what CPTO went through. Seeking alternative financing souces to keep the thing alive that have ridiculous costs associated to them and living on borrowed time. Things could change if crypto has a turn around but how long can this company last running in the red until that happens?