RE:RE:RE:Document arrived just now dt_core - (3/15/2024 8:43:58 PM)
RE:RE:Document arrived just now
I think they are referring to Accounts Payables, so any short term operating expenses with payment terms of T+[X number of days] that THNK owes. Sounds like they made a choice to delay paying those obligations in order to preserve cash in order to remain current on their covenants.
You're probably right ; failed at that strategy prolonging this mess and lowering our investment value.
What's a common definition of insanity - Doing the same thing , again and again ( repeatedly) and expecting a different outcome.
Maybe their inexperience with public companies was the reason for their inaction.
theSPOOKster was right about them back on June 11, 2021