GREY:CHALF - Post by User
Comment by
RebeccaGon Nov 04, 2021 1:44am
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Post# 34085285
RE:RE:RE:Forecast for next 10 trading days by Wallet Investor
RE:RE:RE:Forecast for next 10 trading days by Wallet InvestorBoddington: Good analysis
Some on this discussion board, are doing their best to ignore the signs of financial distress at Chalice Brands before it gets out of control especially in meeting the debt obligation of ~ $27 million and finding cash for operations (currently at - $1.5MM & growing).
The current financial trend of high debt, negative profitability and negative operating cash flow, 55% lower Market Cap spell a critical time when severe financial distress can no longer be remedied because this company obligations have grown too high and cannot be repaid when due in 2022. Simply you are very right. A takeover at $0.60/share or a hostile takeover by the "debt holders" (some of whome were officers) iare the most plausible options. As you said, the latter will mean the company might go private and we all will lose our investment.