RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:My TakeDirksidetrack wrote: Yeah my financial accounting book Nedles and Powers says that all that they need to survive is working capital. Liquidity to pay the bills on their own without having to borrow, issue more shares or sell assets. JV or farm-in. Who will it be? Some jerks trying to steal the assets at cheap price by trying to crash oyl. Not working. Oyl got serious sp support. Company with minus 48 million deficit in working capital as reported by CGX themselves in their financial statements dated Nov 3, 2021 worth over $1 per share for over 330 million outstanding shares??????? Show me any company with negative working capital like that which hasn't already been dissolved and delisted. Naw man they got something there.
Dirk,
The tech sector in early growth stages typically will have your above situation. Don't worry about the balance sheet. We are paying for what we think they will have, not what they've booked today. Jeez, negative shareholder equity never stopped Amazon's shares.