Post by
earningsmdn on Jul 31, 2020 6:42am
Q1 out!
One word to describe Itt "animals" on how much cash burn rate they consume.
30k revenues wow
877k expenses wow wow
boys these oprah singers have leed us on again.
We are not gonna get out of this happy.
one thing that makes me wanna scream is how on there investor relations PDF back in 17-18 says
weather telematics is on track to becoming cash positive. 2 million dollars for 54k revenue a quarter.
wow wow wow
Comment by
tthayer on Jul 31, 2020 7:40am
Well, after a release like that, they had better release good news about ThermalPass today. Otherwise, it is not going to be good at all. In all fairness to Michael Lende, he took over 4 days before April 30th, so you can't really blame him for those numbers. He definitely appears to have been given a real albatross. Going to take a lot of work on his part to save this.
Comment by
Hevdra on Jul 31, 2020 9:22am
Agreed, bug he has been very deliberate in stoking embers of hope over thermalpass being a viable product with traction. He also publically and explicitly stated that there would be a media release this week, so if he is shown to be a liar I would not be surprised to see our stock finish another decent to a penny.
Comment by
tthayer on Jul 31, 2020 9:33am
Yeah, everything you say is true. Like I said, the need to give us news on ThermalPass, otherwise, it is not going to be good for anyone.
Comment by
Hevdra on Jul 31, 2020 9:55am
I wonder what proportion of those astronomical expenses are those clowns paying themselves a salary with investors money.
Comment by
tthayer on Jul 31, 2020 10:08am
Well, Payroll and Related states 149,077
Comment by
JBtactics on Jul 31, 2020 1:03pm
I missed the material change report April 22, 2020 (reported may 8th) that stated along with the private placement of 125,000,000 shares, insiders acquired 13.05M shares.. I guess I was right about date period and shares. LOL and i guess i should have read the MD&A before commenting.. 226k is business development expenses