GREY:ATBPF - Post by User
Post by
MasterAlgaeon Aug 17, 2021 8:45am
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Post# 33715887
Cash burn for Q1 about $110,000/business day
Cash burn for Q1 about $110,000/business day
250 work days in a year..,so yeah, the "runway" is about 2 years long. That runway was 'built' before the plunge though and that is going to have implications (thanks Captain Obvious).
Looking for an entry point and I can't get a handle on one.
If Antibe resumes its regular decline as before the plunge then I can see a .35 to .45 cent level between now and October. That is about an average 15 cent loss per week, which is what was happening from their raise in Feb. 2021. I know it is ugly, but there is nothing but huge risk with this Co. and it has been amply demonstrated. Fear, uncertainty and doubt - you bet.