Friday, September 07, 2018 8:06:48 PM
However, the 0.9 ratio Ted quoted I don't believe is honest. He was including "the last month", which included "forced no usage" because the app was literally down during peak times. It wasn't until later in the month that they actually got their act together and enabled show times consistently. So I think the "real" ratio is much higher, at around 1.2 or higher.
They won't break even (including operating cost) unless they are at 0.55 or so. That won't happen, so at the minimum they would still be losing $25-$30 million per quarter (as opposed to $130+) before, which is obviously much better. But the problem is the low share price means dilution is massive, which is a positive feedback loop (in a negative way) and causes even more stock price tankage.
The only option they have is: truly limit cash burn and wait for investor confidence to bring up the stock price so they have to dilute less, which then is a positive feedback loop (in a positive way).
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM