InvestorsHub Logo
Followers 2
Posts 159
Boards Moderated 0
Alias Born 09/26/2018

Re: Backstabbed post# 34328

Wednesday, 05/29/2019 5:57:28 PM

Wednesday, May 29, 2019 5:57:28 PM

Post# of 73454
Do you understand how a company goes bankrupt? It is not because they do not have revenue, it is because their revenue does not allow them to pay their bills. Too much debt and too many expenses can cause a company to go out of business. Revenues mean nothing if they cannot afford to pay their bills...

Let me give it to you differently...

If you bought a house of $2 M dollars and really all you could afford was a $1M house, but the bank decided to sell it anyway, you would soon not be able to make the payments. Even though you still have your job, you have revenue, and you even started delivery with Door Dash, increasing your revenue. You still can't afford the $2M home. Your earnings per month don't allow you to make ends meet.

Thats how a company can quickly go to a no bid.... keep diluting and RS etc... they would go to a no bid. People would lose faith in the company....

Oh is that what is happening now? Some people losing faith...? hmmmm
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent FLES News