TSX:QTRH - Post Discussion
Post by
v_guerriero on May 10, 2023 6:53am
Burning more than $5M of cash per month
They burned $16M of cash in 3 months, more than $5M of cash per month.
They cut the $5M yearly dividend giving them an extra month of operating cash at this burn rate.
They cut the only thing that out a floor under the stock.
They now have 11 months of cash left.
Dumpster Fire. Today will be rough.
Now will have to accept whatever they can get for WiLan to stop that cash burn.
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