Post by
mingzhu on Jun 23, 2023 11:12am
bought in at 0.72 for a trade.
the reason is it can last at least one year with $700m cash before bankrupcy.
Comment by
mingzhu on Jun 23, 2023 11:18am
It burned $98M cash in Q4, 700m cash can last 7 Qs.
Comment by
quinlash on Jun 23, 2023 11:59am
Nice to see folks who actually take the time to read the report, you are one of few IMHO. Yes, the cash on hand is notable, the company has also been releasing new products and making new deals. Personally I do not see this as a company that is closing its doors anytime soon however I do see it as being unnaturally beaten down.