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Alias Born | 02/05/2008 |
Monday, March 23, 2020 8:19:34 PM
last q(sep 2019):
cash $2.1 million
a/r $3.1 million
estimate as of dec 2019 q:
cash $1.25=2.1 million-.75(real estate)-100k(loss)
a/r $3.1 million
estimate of mar 2020 q:
cash $0.50=1.25-0.5(a/r delay from usfh)-250k(loss,due to pandemic started in March)
a/r $3.6million and dropping
and today
the likely cash position is less than 500k
Unless
the company can factor the a/r,its future looked BAD.
I believe q2 2020 the loss can be as high as $500k(hits on top and bottom line),with cashflow shrunk by another 250k-500k due to a/r increase(collection issue with usfh),resulting a delta of $750k-$1000k.ouchhhh.
Or
Dead in end of q2 is probable!
Dead in end of q3 is likely!!
Dead in end of year is a certainty!!!
RIP.
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