RE:RE:RE:RE:RE:RE:@mtb121225In regards to interest, you can average out over next 6 months or 12 months but being close to 1 to 1 for gross profit to interest expense is not good. So it will likely improve but not materially. I was just using it to point out how much trouble they're in cash flow wise and servicing their debt.
I just looked through their last 2 quarterly reports and didnt see anything for Beleave. Assuming they were a debtholder, there are tiers of debt holders and in the case of the bankruptcy top debtors get paid first. I doubt Auxly would want to invest more much needed cash to take over those assets. They have enough trouble with their own.
Without getting into a tit for tat, how does this company survive and make retail investors money from here? Considering their cash position and quarterly burn rate, what do their sales need to be to make an operating profit a reality? Maybe I'm wrong, but because cash flow positive or even surviving will be a tall task.