Post by
filoux004 on Nov 07, 2022 8:51am
Correct me
Correct me : they had 1.1M cash existing June 30th add 1.3M PP that's 2.4M their monthly cash burn is north of 500k. Therefore after 5M and no meaningful revenus (218k! Last quarter) they are once again very very low on cash and will require another cash/equity raise (ie more dilution). Please correct my math if 8 am wrong, much appreciated. Glta
Comment by
RedGaurders on Nov 07, 2022 10:01am
no point in being honest about expenses. I will never again invest in a consist cash burn company, smoke n mirrors is all we have left. R. I .p
Comment by
NorthBuddy on Nov 09, 2022 1:27pm
Hi Filoux, I can't find the earlier comment (re sp should be around .20c right now) but the gist was taking the numbers you have put together and the emphasis on FOBI being overvalued at .40c how can you explain why the market is so blind to the numbers and stubbornly supports double the true value?. TIA.
Comment by
RedGaurders on Nov 09, 2022 1:43pm
debt keeps growing why? Over staffed? 100 employees playing cribbage all shift due to the phones not ringing? Diesel supply will be dry in a few weeks, expect to pay $15 for a loaf of bread. Real estate crash, economy, starvation by year end. No heat in the winter months, no deliveries just a bunch of staff playing musical chairs on shift.
Comment by
filoux004 on Nov 09, 2022 7:40pm
Pacer, question what's the monthly cash burn?. Thank you for yr feedback.
Comment by
PunkRocky on Nov 10, 2022 1:05am
I noticed it as well... TimeSanders with multiple accounts... looks like RedGuarders is him... check out their similar post history bewteen the two.... same forums he frequents to bash.... TimSanders.... https://stockhouse.com/members/timsanders RedGuarders.... https://stockhouse.com/members/redgaurders
Comment by
NorthBuddy on Nov 11, 2022 10:00pm
Filoux, I may have misread. I saw you posting the same information and often and Thought maybe you were looking for acknowlegment or affimation. Sorry if I got it wrong. Best of Luck with $FOBI
Comment by
RedGaurders on Nov 12, 2022 12:26am
rht.v i thought was going under and we all laughed, yeah we all, all of us including all made a mistake. In reality a shovel can be used to save quick sand. You know the rest.