RE:Grab the fire extinguisher!!!! People don't realize that they are running out of cash.
They just had the CAFC give the final death blow on the IPA patents. There may need to be a payment to Amazon and eventually Microsoft for litigating those nuisance patents.
Sharp and Vizio payments have not been paid for and they are still fighting over those.
How many more missed contract costs
will arise from ETC not delivering on time and budget? Shareholders have no idea the extent of those payments.
They are one maybe two steps away from HSBC not agreeing to revised terms. At that point the debtors run the company and shareholders are left in the wind.
There is only one maybe or two quarters of cash burn left. And there is no flexibility for an adverse legal judgment here.
Good for you to read the balance sheet. Also make sure to read all of the risk disclosures and look at the new ones introduced this year.
What kind of CEO will want to enter this situation?