Comment by
Olaf123 on Sep 06, 2023 5:45pm
avcn has 110k left in cash, 4.3 Mil receivables, 8 mil payable and lost 1.2 mil last quarter
Comment by
Olaf123 on Sep 06, 2023 7:00pm
I think they might buy part of it. Maybe mymedi and Seds. Pidduck stated he aims to buy profitable companies. We are not out of the wood yet, taking on other loses is risky.
Comment by
alleyesonme on Sep 06, 2023 7:11pm
Completely agree....management has been clear "they will continue reviewing potential M&A opportunities "...which I don't support however we will see what they bring to the table....something is happening with avicanna....no mention of the latest deal which is significant is fishy..
Comment by
Olaf123 on Sep 07, 2023 1:11am
1.2 mil is not alot. They are already rolling over their debts at higher interest rate and with penalties. I hope for them they can keep finding last minute cash infusions or lower their cost and higher gross margin very fast. If our CEO thinks this is synergistic and think he has the time to turn things around given our own cash constrain.. it is fine, but I don't like it.