RE:Financials and Updates just outWhy, are all investors brain dead, doesn't anyone know how to read a set of financial statements?
This is a gambling stock, pure and simple.
Note the Going Concern statement written by the auditors.
Once again Centric was granted convenant waivers from its lenders.
On May 30, 2019 and October 31, 2019, the Company received covenant waivers for the second and third quarters of 2019, respectively, and further amended its agreements for the Credit Facilities to revise its financial covenants for the second and third quarters of 2019 to financial targets consistent with the previous two quarters in addition to a further financial covenant based on the Company's cash flow forecasts. In addition, the May 30, 2019 amendment also affected a temporary reduction in the Revolving Facility from $20,000 to $18,000 and a permanent reduction in the Acquisition Facility from $20,000 to $4,786. All payment dates related to the remaining accrued interest and fees owing on the Senior Facilities and Subordinated Facility were amended to align with the completion of a divestiture of remaining non-core assets.