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Monday, May 29, 2023 3:00:42 PM
I said there’s at least a greater than 50% chance that she’s right. But they might be stretching the trade. So I estimate there’s a 75% likelihood the well runs dry within two weeks, and close to a 100% chance of total insolvency by the end of the month. There’s just so much stretching all these semi-retirees can do, and the Million Dollar CFO won’t want to continue to upset the CEO at Advent.
She asked what about revenue and cash flow from specials? And can’t the Million Dollar CFO do something to fix all of this!? I laughed, and then suggested it’s the fault of COVID. Plus I sleep well, if that means anything? And hey, there’s alway Project Orbis!
So the state of play is the company will need to raise additional capital. And if it’s the usual suspects, then shareholders can expect more highly expensive and highly dilutive penny stock financing — paging Mr. Fife, please come to the counter to pick up your hot mess sandwich.
When the Sea World clapping seals were enjoying themselves in December, I instead voiced my concerned about just this moment. That continued delays gaining approvals would force excessive dilution to fund non-productive purposes, and further waste everyone’s time and money. It’s literally the beginning of June 2023 next week, with still no RA approvals! For all the Kojaks, savour that tootsie pop for a few minutes.
It is what it is with these bottom feeders. But not having UK approval after nearly three years since DL is inexcusable. I hope that the suggestion of further delays is not true — I really do — but I suspect that it is.
Footnote: I asked my wife what CV7f means (inside MB joke), and neither of us have any clue.
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