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Post# of 122528
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Alias Born 10/01/2004

Re: None

Monday, 04/19/2021 11:09:46 PM

Monday, April 19, 2021 11:09:46 PM

Post# of 122528
You guys can debate preferred stock all you want but at the end of the day it comes down to this:

12/31/2020 - Financials
Cash and Cash Equivalents: 1,720,000

Net Income: (723,000)
Total Cash Flow From Operating Activities: (851,000)

If the burn rate continues at this rate they got only a few (3 or less) more months before they HAVE to raise money.

It is nearly laughable that a company worth billions in market cap has only $1,805,000 in current assets backing that value.
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