No more money & PYR running on fumes?Well folks, THE MoMoMyster is back!!!!..........LOL..... with his regularly scheduled programming & Freaky Firday podcast on the poor Pyro "UpInFlames" Genesis forum! Courtsey of your gracious host, Mr. TooCucky8008 for being kind enough to invite me back with wide @@ open arms! THANK-YOU Mr. Toocucky8008...!
SOooooo my dearfriends let me start off Q2....with a BANG! First, YOU GUYS KNOW my feelings towards this ....."cough" "cough"......scCrappy....and that's sCrappy with a Capital C......& the many warningsover the many years to GTHO of this investmentbefore it's too late and you guys......meaning the stock/equity holders.......end up with more.....worse losses than what you've submitted to/taken already....up to now! .....In other...more simplet words....GTHO ASAP!
As the title states......the company is in DIRE trouble......financially......and in all sorts of chaos in order to find some way to keep operating....as is.They are in DESPERATE need of a massive cash infusion ASAP........like yesterday......or this game is over for them? With barely $200K in cash in their name.....as of end of Q1....AND.....with a monthly burnrate of around $2M/month.......they are INDEED in serious financial troubles.......even with the recent legal monetary settlements & legacy payments!!!!
As of this print.....as i type....i figure they are hobbling along "On only Fumes" as i speak. So the critical QUESTION everybody is asking......especially if you're a holder of the company's stock...is "Are they able to get some infusion of cash from somewhere to stave off bankruptcy/insolvency? Before it's too late? My answer? Sure it's possible......to convince SOMEONE or some folks/investors to pony up MORE money to keep the shell game going for a little longer AND buy time for things to turn around (i personally think they won't......ever here....but that's my opinion!)
So as Q2 is set to kick off for eveyone....including our poor friend Pyro "UpInFlames"Genesis, expect for some news of massive dilution VIA some Private Placement at really low low prices somewhere in the range of 40cents.....sometime in the next 8 weeks! Other than that.....or any failure to secre sufficient financing....WILL RESULT in the insolvency/BK of the company. Now the only question remaining is....will that financing be coupled with a consolidation of shares as well? Imo......Maybe....maybe not now.......But that to will come eventiually.
That's it for now Ladies & Gents......Glad to have you all on Mr.Mo's Freaky Friday Podcast and please tune in next week ......!!!
GLTA