Tuesday, April 19, 2022 8:02:56 AM
The drop in liquidity from $63,778 to a mere $925 despite loans of upwards of $165,000 isn't 'petty cash'. The only 'petty' part is the $925 in cash left on the balance sheet.
Likely true, but any possible new investors, especially those who understand the gap between profitability and operating profits, will likely care a great deal. No new blood means no moon shot, and no train departure. If BIEL can't find VC funds, and can no longer borrow at exorbitant interest rates, what happens if funds run out?
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