Post by
snootchybootchy on Jun 16, 2015 6:44am
Q3 Financials are out
Not very pretty. Looks to me like the slumping oil prices has hit the company pretty hard and has stemmed the growth on the top line. Cash burn is still ridiculous but they have apparently already embarked on cost cutting measures. Perhaps all this is already baked into the share price. Q3 only covers up to the end of April and Mr. Leetzow didn't join the company until early May so I'm going to be patient and hold on, and give the new CEO a chance to show what he can do.