Post by
zalmonella on Mar 24, 2022 11:06am
A dud
Another loss - $33M this time, or even a bit more if you exclude the derivatives that they hoped would reduce their losses further. Clearly this business model is hoping to make its money on asset gains and a return of value through crypto and some of its equity investments. I guess that's whjy they're hoping to spin off their investments into a separate fund to get them off the main balance sheet. I'm not sure what good that will do - if half your business is propepping up your investments whiel they go south, the balance sheet will find that too.
Just a note - in December they guided to 80M revenue up from 70M and missed by a long shot. That's the question that needs to be asked. What assumptions are these guys making that are so wrong so often?
Comment by
Luckierjack2 on Apr 19, 2022 5:56am
One year performance of this stock shows down 72%. That says it all. LJ
Comment by
Luckierjack2 on May 12, 2022 10:33am
Loses over$18 millon in first quarter and now down 84.5% in the last twelve months. Impressive! LJ
Comment by
AmericanAkita on May 20, 2022 5:47pm
Hey, at least we have the 1,000,000 tree milestone to show for it. Where's my chainsaw?