RE:The More Days Pass....you called it spot on bandit69...... appreciate your posts on this company.....
years ago I owned Bevo Farms....., kind of like the "forefather" to Cubic Farms..... sold out before the Zenabis fiasco (glad i did)......
keep up the informative posts
bandit69 wrote: I would say that based on my own investing experience, and simple observations in their financials and operations (i.e. overhead) that as each day passes the higher the odds that there will be a financing.
A company can have sales and revenues and still hit a cash crunch (i.e. $1 in revenues does not necessarily = $1 in the bank) because it depends when those revenues trickle in to the bank account and cash flow management. Even if a company has superior cash flow management, cash can run short. It has happened to large corps just as with small ones. The only difference is that larger corps typically have better access to capital.
I don't know, I could be wrong but I am placing my bets on those odds.
The marketcap is still too high and has a further downward trajectory to go to reflect conditions in my opinion.