GREY:JWCAF - Post by User
Post by
HaulJockeyon Dec 29, 2019 12:04pm
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Post# 30498751
Opinion
OpinionMy opinion is JWCA is a house of cards waiting for the slightest breeze to come along and collapse everything.
Everything including land and what you would call major assests are rented or leased. From who and why for so much is a good question. (stinks)
Management making bad loan deals. 9% on 4 million +, that's over $400,000 in interest alone.
Top management comes off as $5 latte drinking trustafarians.
So with high debt, everything rented or leased, various money burns like high interest loans, company perks etc and top management playing house with investor cash,
My opinion is this is a fart in the wind, if your close you'll catch a wiff, but 2 seconds later it was like it was never there.