Indiva Ltd V.NDVA.H

Insiders Need

[Duster340]

to step up and put there money where there mouth is. hopefully between now and next earnings report. if they want retail to buy and suport the (sp) that is what needs to happen, or let it twist in the wind,  the ball is in there court.

[CreatingApe]

insiders own 16.3 percent of the company. They already own shares and have options. Sundial is the only "insider"who has sold in a long time.

[caretired1]

And insiders exercised warrants at 40 cents last fall when the company needed money. They are invested

[nedstar71]

Given the cash position of $2.4 million at the end of March isn't the company likely to need another cash injection very soon?

[caretired1]

Depends what you mean need and when. They don't need cash in the next couple of quarters as the business will likely produce cash as they return to positive ebitda and head to net profit. Very little capex as mentioned on the conference call or investment of other kind that would need non operating cash. If the business grows a lot, they would likely need cash to put into working capital but

[nedstar71]

You may be right. But while positive ebitda is all well and good, they'll still be losing money until they turn actual profits. I think they'll be raising money at some point before next earnings report, the only question is by what means.