Post by
deepoil0808 on Nov 16, 2021 11:14am
MY NEXT QUARTER forecast: Loss from operations
I believe the Pfrizer prognois of pandemic ending on January 4, 2022.
This means that there will a material slowdown in testing and, also a loss from operations.
With an overhang of 180 million shares wanting to sell + a reverse stock split of 1 for 15, I really do not see the companies stock going anywhere except down.
Remember that they had to issue shares to pay a measily $ 411,000 in debt in November 2021.
They said they had $ 900,000 in cash on October 31st, so does this mean cash was all gone by mid November and the bank account is empty so they had to issue shares.
Either way, no one is fooled by one time results at the end of a pandemic.
And huge overhang of receivables are never a good sign. Insurance companies pay within 30 days. Instead we seem to have 90 days of receivables not paid. Are these amounts accepted by the insurance and not in dispute?
My personal opinion