RE:KASH is looking sexy now... way undervaluedFinancials ... Ouch ! Sexy is relative - I guess !!!
I do not see any comments from forum members on that issue.
Wonder why?
Was looking into recently to see if an entry point exists.
Maybe not as informed as some of you on the particular stock but the financials do not look pretty. Hence the price performance.
Market Cap $19m (168m shares OS)
Net losses for nine month $9.3m with $4m for last 3 months
Gen and Admin costs for last 9 months $8.8m (last 3 months $4m).
Somebody (plural) is getting very well paid. Non payroll expenses also.
CASH position !!!!!!!!!!!
Do they need to go to the Market again soon based on the high burn rate?
This is key as more dilution to share structure can be very problematic
I do not see the rig deployment coming anywhere close to what is needed from mining.
A surge in Bitcoin price is needed !!!
Any comments on financial state !!!!!