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IslandOfMisfitToys

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IslandOfMisfitToys

Re: lizzy241 post# 387943

Thursday, 09/01/2022 11:18:06 AM

Thursday, September 01, 2022 11:18:06 AM

Post# of 423948
If you don't have enough cash on hand to clearly cover 12 months of expenses, you have to make a going concern disclosure.

At the current pace, unless management does a WAY better job of managing burn, cash will be down to around $200 million by year's end. That is borderline enough for 12 months, if expenses stay high and the US keeps eroding.

"The biggest obstacles to our progress exist within our own lives in the form of cowardice and the tendency to give up. Breaking through these barriers will unleash a surging wave of change." -- Daisaku Ikeda

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