Post by
Viking2233 on May 10, 2024 11:25am
Another Fluffy News Release
Here we go again with fluffy Quarter results. This management lives to post smoke and mirrors.
$ 2.8 Billion dollars in transactions with Carta but no mention what the revenue generated was. Why not mention how much revenue was generated??? They state the $2.8Billion processed was an increase of 18%. Big deal, we want to know profit and revenue, again smoke and mirrors.
The company lost money in the quarter again but likes to mention it lower then 2023. Net loss of $3.6 million for the quarter, thats $14 million annually
They like to mention they have $53 million in cash and securities, we actually in cash the have $13 million in cash and restricted cash. Well when you are buring $3.6 million a quarter or $14 million per year, guess what your going to run out of cash.
The $28 million in investment portfolio is another smoke & mirrors. Who placed that valuation? They are all private companies that Difference Capital Invested in. These are not liquid investments.
Bought back 1,091,000 shares which is 4.5% of the float. You are burning through cash to the tune of $3.6M per quarter, should you be reserving your cash for operational purchases??