Post by
besttobe on Apr 18, 2023 6:53pm
Financing done: Next problem -Q2-23 numbers will suck.IMO
Well Carlito and I warned you there would be a financing. I assume their FCF sucked, since they did say Great Elm would be a drag on cash. I also assume they may not have qualified for further draws on the credit. We shall see....The poor fellow that wrote that seeking alpha article must have egg on his face today. Ya sure..Quipt throwing off signifcant FCF and cash to shareholders!! Too funny. Like that is going to happen.
They said during the CC there was no need for a financing, yet here we are. Cash must of got pretty tight for such a desperate financing and for MGT to blindside shareholders. IMO
I assume the underwriters will keep the S/P where it is for now, until the financing is closed. A Russell 2000 index inclusion might help, and those included, will be announced April 28th.
Well up next will be dismal Q2-23 numbers IE (Net loss/negative FCF etc and nothing near what investors expectations are.......IMO
Took some profit, but lots of reasons to stay short yet....GLTA
Comment by
Carlito3311 on Apr 18, 2023 9:51pm
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Comment by
Carlito3311 on Apr 18, 2023 9:59pm
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Comment by
besttobe on Apr 18, 2023 10:13pm
You have to wonder if the underwriters timed the financing around the Russel index inclusion date? Might offset some of the pressure on the S/P and allows them to sell shares to the indexed funds for a bit of a premium.IE The russell index funds provide an Instant demand market for the shares they bought. Just a thought or might just be a coincidence. Who knows....haha
Comment by
Carlito3311 on Apr 18, 2023 10:20pm
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