RE:let V-G talk to himself? If you listened to me to sell at the Apple loss, you would have exited at 2.60.
if you listened to me prior to the last quarter where I said EBITDA would be negative - and my estimate was dramatically lower than ALL analysts - you would have been better off selling at 2.30.
Now, I am telling you that they are draining the cash and it will be below the debt on the balance sheet in the next quarter or two. They have 6 quarters of cash left at a $15M / qtr burn rate (post Sharp and Vizio payments) if this is a prolonged recession and they aren't cutting costs. They also have the debt renewal risk that will be front and centre in 2025.
I also believe they are in breach of the debt covenants or could be if the ITS EBITDA doesn't turn around. It is unclear what the debtholders rights are in this situation. I am guessing that is why they had to take some of the cash and pay down the debt.
That is too risky of a situation (in the event of a prolonged downturn) and you heard it here -> there will be an equity raise.