OTCPK:SPLID - Post by User
Comment by
Diogenes1on Oct 04, 2018 10:22pm
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Post# 28749400
RE:RE:RE:RE:Surprised this is holding .30
RE:RE:RE:RE:Surprised this is holding .30 Kiddo? Not sure about that, though I suppose I have retained my youthful glow :). 5 months ago the Company had working capital of $6M (after the $2M loss for the quarter). 6 months later, at the same rate, at the end of October, that would leave $2M in cash. They just entered into an aquisition of Green Therapeutics which includes a $1.5M land purchase, which will leave about $500K. However, now they will start to incur a $300K monthly tranche payment over the next 18 months for Green Therapeutics. That bank account is getting skinny! I think we all know they will have to raise cash again in the near future.
DiligentSon wrote:
Also Sport. Listen Kiddo, SHOULD there be another offering, the price will be relative to the valuation at the time. No chance for profit generation? Ok, ok...now I know you're just drive by bashing because you havent done any homework, AT ALL. Be better next time, come back when you're ready.