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Re: Mohammad111 post# 53555

Thursday, 05/24/2018 12:17:14 PM

Thursday, May 24, 2018 12:17:14 PM

Post# of 61601
Since you have invested a lot, did you read the 10 Q? They didn't speak of just one financing for 2018, they expected the need for multiple financings. They hope to have enough liquidity to pay debt payments when they are due, and they obviously need to make sure that they do make those payments. Hence talks of a credit facility, and their routine financing vehicles.
The profits for this quarter mostly came from the sale of an asset (that they can't continue to resell each quarter, as it's no longer theirs) and debtors will definitely want real cash, not accounting tricks, to satisfy the debts owed to them.
It was a well-written press release that gave investors the pop they desperately needed, but the company is the same company people hated a day before they released that 10 Q.