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Re: Rayday post# 23269

Saturday, 05/30/2020 8:48:16 AM

Saturday, May 30, 2020 8:48:16 AM

Post# of 49959
Not without a split, dilution will still be am issue here. Their margins are not good and are burning through a lot of cash. They can turn it around but not without more shares being issued.

Even with $100M revenue you are talking $200M market cap max with the debt load they have as their balance sheet is massively upside down and leveraged . Will be hard to justify prices above .50-.75 without significant financial improvement

Even the post from that other CEO that was brought up said 2x revenue if the financials are good, which they are not.
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