Post by
Amateur123 on Jul 14, 2022 12:45pm
Maybe Tomorrow
I listened to the conference call today and can summarize it in the same way that I woould have summarized any of their previous conference calls I have attended. Simply put "MAYBE TOMORROW" - Maybe tomorrow we will deliver on our revenue commitments - Maybe tomorrow we will deliver on our cost savings initiatives.
Ultimately, maybe tomorrow never seems to come.
Comment by
rghalifax on Jul 15, 2022 10:03am
Yes,they've been spinning their wheels for a while now.The share price is already below what the company is worth but with only 31 million or so of cash left they have to losses and be profitable by year's end or another share issue is coming possibly.Maybe Sundial will lend them some cash
Comment by
Amateur123 on Jul 15, 2022 1:40pm
Best guess is that they hope to deliver at a higher rate in Q3&Q4 (based on burn rate and sales I believe that they have enough cash to barely make it through Q4) and then equity finance with a better share price to reduce dilution. Higher interest rates sure do make debt financing a lot less attractive.