Post by
nozzpack on Jul 28, 2022 6:35pm
Kognitiv Denouement very Imminient
In Q1 of 2022, Kognitiv burned through over $31 million US in cash.
Its cash balance at exit March 31/22 was $27 million.
Revenues continued to show no growth and it cost nearly $2 to sell $1 of product.
I don't know the game plan with Kognitiv but obviously it is on its last legs , while oweing massive debts.
Chapter 11 seems inevitable, perhaps as Q2 reports in Early August.
Nothing seems to make sense in this debt fueled race of Kognitiv to Chapter 11.
Perhaps , AIM 's $31 million investment is to generate operating tax losses which can be used to offset the planned cash flowing acquisitions soon to be announced.
But, then $56 million in revenues may be salvageable ..
Comment by
Konaboy on Jul 29, 2022 9:09am
Oh no, not more tax losses ... we don't even know what to do with the mountain we already have!! Question - can the loss credits we have be used against dividends and capital gains from open market equity holdings, or only against earned revenue?