RE:RE:RE:RE:No supportI agree with what you are saying. To put some more numbers behind it here they are.....
Cash Postion June 30 2019 - $52,765,000
Cash Position March 31 2020 - $17,821,000
Total Cash Burn (9 month trailing)
$34,944,000
Avg Monthly Cash Burn (9 month trailing)
$3,882,666
April 1 - Aug 31 (5 months) x Avg Monthly Cash Burn = $19,413,330
Assume they are bringing in sales of 3-5 million in the quarter and that once mighty cash pile is looking a little lean.
Cash $17,821,000 + 4,000,000 - 19,413,330 = $2,407,670
I do not see the buyout option yet, but Cronos amongst others are sitting on the sidelines watching. I have no doubt Altria would be interested in this infastructure and brand at the right time and price.