AZN Capital Corp AZNVF

I'm Out

[BCdude]

Well, that was an underwhelming quarterly report. Can't believe the cash burn rate. Even when everything breaks their way like it did this spring, the company's expenses overshadowed revenues by a wide margin. Unfortunately, the risk is quite high that this is going nowhere.

[DaNixon]

unfortunately I would tend to agree. Their expenses were massive and they seem predominantly to be associated directly with operating costs. I'm feeling like they need multiple quarters of 900% growth to begin making a profit. And as you mentioned, their cash burn is serious. At current rate even with the last capital raise, do they have three quarters worth of runway? It's unfortunate to

[BCdude]

It's really too bad. I saw lots of potential at one point. I guess the combination of the pandemic and suspect management decisions were a toxic combination. Having said that, I wish the company well and hope they can turn things around. I do appeciate they partner with communities rather than forcing themselves on them.