InvestorsHub Logo
Followers 0
Posts 48
Boards Moderated 0
Alias Born 09/12/2019

Re: None

Friday, 11/22/2019 10:31:51 AM

Friday, November 22, 2019 10:31:51 AM

Post# of 14223
Anyone can get asset backed financing. They are basically mortgaging the house! The facility was completed a year ago and they said they would be in the revenue a long time ago. Now instead of owning the building and property they are in debt and paying 10% interest.
They said we have almost a million dollars worth of inventory. That's laughable...sell it then and u got your financing.
Dilution will now destroy us. You thought there was a lot of big sells lately, just wait untill all these new shares release at .10 cents.
Positive cash flow in first half of 2020 means 2022 at the rate they are moving.
I'm sorry but anyone who thinks this is not devistating news is flat out naive. I've been as optimistic and long term as anyone but this is VERY BAD. Pull your head out of the weeds. I don't care how u spin it the numbers don't lie

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.