Clearday Inc (CLRD)

[John_Vallay]

According to their last 10Q they had zero cash.
According to their last 10Q their debt was very high.
According to their last 10Q they took in hundreds of thousands of convertible notes.

According to all their filings it would seem as if they operate at a loss as if it was customary to operate at a loss.

Companies can operate at a loss when their business has a turnaround strategy like tech companies, life sciences, but definately not assisted living centers or non acute residences. It as if the management at Clearday have no clue as to what they are doing from an operational standpoint and they definately have no clue what all those convertible notes are going to do to the stock.

When those notes come due they either have to repay with cash which they have zero or issue MILLIONS of shares at a real big discount to market and that means those note holders are going to sell the stock and drive the price down so far that it will be a complete disaster. This is a short if there ever was one but because of the no volume you can't even make money in what everyone knows will happen to the stock.