RE:RE:RE:ALL BAD - XLY JUNKthis post below shows how bashers post bad information if u read the financials yes they have 14M in accounts payable BUT !!!!!! They have over 70 MILLION in cash ,Inventory,recieveables etc so there in good shape and no they wont run out of cash by june its just rediculous for this moron to post such Bunk
indoubtgetout wrote: Read their financials on www.sedar.com and do the math:
As at 31MAR20
Cash $21 million
Current liabilities: 14 million
Quarterly cash burn (excluding non-cash items and after profit margins): about $9 million
Other: $2 million
The above does not even include captial spending.
So, out of cash by the end of June for sure.
Where is XLY going to raise additonal cash from??