RE:RE:RE:Where's Whisky?randomtask wrote: Quoted from the filing:
"To date, the Corporation has had negative cash flow from operating activities. To fund its current operations and anticipated growth, additional funds will be required."
Seems the company statement is directly contradicting what you're thoughts are, perhaps they should have consulted you before they filed? Raising money for cash flow is not a bullish event btw. Oh and they aren't buying Choklat (which is only valued at like $3M or something anyway or $0 on Namaste's balance sheet after they wrote the entirety of the investment down)
optex1972 wrote:
randomtask wrote: Capital raise is starting; didn't you say they wouldn't need to raise cash? Didn't you say there was like 20 months of cash left or 12 quarters? Anyway, I'll keep my word and never post on this board if it doesn't happen before year end but i think you'll see an announcement before Q3 is released.
well fact is they're far from broke. So this timing points more so not for
opeeational money needs rather an aquisition or JV that they do not want to blow the bank on. Timing wise absolutely seems to be more that then anything? At any rate that's a bullish event imo if so and if a raise at reasonable price and size also bullish given the improving revenue cycles quarter over quarter.
seems bashers have ran out of gunpowder to me. Last week it was oh they're going broke. With instant access to cash they can fund whatever they want. Either you are new to investing or hanging on a thread and we're hoping it would go a lot lower buts facts are this is bullish news. They're now able to find any JV any adventure they wish till they're cash flow positive which is apparent in trend of the revenues and doors to be opened. Either buy in and enjoy the ride or find another stock bashers just officially got slaughtered with the cries of going broke. Not case anymore the cash doors are open when needed and they still have a healthy cash float far before such money is needed. Exciting times!