Sunday, October 21, 2018 7:31:50 PM
Is the $270k order where the company received 15% up front really much of a
positive?
It may have been at zero margin in order to get the 15%?
We dont have details so there's no way of knowing.
I know they needed to keep the lights on and were broke with few other
options, but it does hobble the negotiations. ( Other options being limited
by being delinquent ).
Company has been burning around $4M a year, so they need to do significantly better to come close to break even.
"Yea. Also the half a million in purchase orders from first few months of the year is another great positive. Naysayers here provide no valuable input. I don't listen to others who don't input anything intelligent or provide real DD. Why follow ignorance?!?!?"
.
positive?
It may have been at zero margin in order to get the 15%?
We dont have details so there's no way of knowing.
I know they needed to keep the lights on and were broke with few other
options, but it does hobble the negotiations. ( Other options being limited
by being delinquent ).
Company has been burning around $4M a year, so they need to do significantly better to come close to break even.
"Yea. Also the half a million in purchase orders from first few months of the year is another great positive. Naysayers here provide no valuable input. I don't listen to others who don't input anything intelligent or provide real DD. Why follow ignorance?!?!?"
.
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