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Re: bigpike post# 67418

Wednesday, 01/08/2020 11:10:10 AM

Wednesday, January 08, 2020 11:10:10 AM

Post# of 116564
Ya never know but I'm hoping SEAC management isn't dumb enough to do a financing at these low levels. Especially when the current cash position & balance sheet are fine...and cash should start to tumble in during their fiscal Q4 (which ends this month) and into fiscal 2021. CFO quote from the Q3 transcript:

"As Yossi noted, we believe that we are now beginning to rebuild our cash with our expectations for ending the fiscal year higher than where we were at the end of the third quarter. And while we are not providing fiscal 2021 guidance today, we fully expect that we'll accelerate the growth of our cash balance during that period."


I'd actually like to see them use that $5M stock buyback program (announced in June) and be buying back stock at these bargain prices. Because I think very soon you won't see SEAC in the $3's again.
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