GREY:SNNVF - Post by User
Comment by
Benedictuson Aug 14, 2019 11:42am
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Post# 30027276
RE:Q2 earnings due?
RE:Q2 earnings due?URL, previous guidance of 55 to 60M will not be met this year. The company cannot even afford biomass now. The cash questions must be answered asap. Bridge financings will not cut it. Asset sales or a large placement or some combination of these will need to be finalized in the coming months. The sp is incredibly oversold so certainly not ruling out a tradable bounce but fundamentally, there are way more questions than answers here to remain complacently long. I am not selling at such a ridiculously low valuation but I am also not wearing rose colored glasses about the seriousness of the predicament that snn is currently in.