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Re: Malone post# 22079

Friday, 05/26/2017 10:28:27 AM

Friday, May 26, 2017 10:28:27 AM

Post# of 43557
Fair enough. I, as any rational person, would like to see more cash-on-hand. The AMEX situation seems to provide them operating cash at the beginning of each month. But here are some things to consider:

1. They only had $8k cash-on-hand as of April 2
2. As of May 11, there was still zero dilution
3. A substantial amount of the toxic debt has either been converted or paid off, to the point where they are essentially free of toxic debt all together now
4. Jillian may not have exercised those shares yet, but she is evidence of alternative (and productive) means of financing; I believe info from the Bahrain PR sheds light on other alternative means of financing they may be looking for

Is this ideal? No. But it's frustrating that all the good from the 10-Q is completely overshadowed by the cash-on-hand. The stores continue to grow revs at a significant rate. There was zero dilution. And the debt now appears a non-factor. IF, and I understand it's an IF, they can find some non-toxic financing, they are in very good shape. And as previously discussed, not all dilution is bad if it coincides with expansion. Just my two cents. Again, all speculative at this point. But it's two months on from April 2 and they're still open. Keeping faith we'll be alright.
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