GREY:ALEAF - Post by User
Comment by
Schaffhausenon Oct 25, 2020 7:37pm
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Post# 31779203
RE:Vivo is selling off assets and letting staff go...
RE:Vivo is selling off assets and letting staff go...
Ok, lets talk numbers. The current situation for VIVO is like this...after all the post Q2 debenture principal repayments VIVO is now almost free of this hybrid debt, holding only 6.6M at 6% due in Sept2022. The recent debenture repayments have drawn down cash from 22M reported at Q2 now down to around 10M. I didnt start this discussion, but I must remind you Alef has 25M of convert debts in Feb2021, out of the money, and another 40M due in June2022, again out of the money at $1.53. Both of these debts are above 8% interest, I repeat, a 65M debt anchor at 8% sapping the financials. VIVO has payed the piper, and is operating nearly debt free and are now lean and mean...the moment they cross positive ebitda they will pull away from the cohort. I've picked my horse lets see how it goes, but honestly wish us all big bucks long! Cheers, Schaff