InvestorsHub Logo
Followers 4
Posts 2041
Boards Moderated 0
Alias Born 04/25/2017

Re: None

Friday, 08/04/2023 12:51:37 PM

Friday, August 04, 2023 12:51:37 PM

Post# of 5352
Sales growth is needed..to offset lacking cash flow. Will it come fast enough? The latest 10-Q said, "We currently do not have sufficient capital to fund our cash needs for the next 12 months. We intend to rely on financing from convertible debt, promissory notes, and sale of stock to fund our operations." So, there are possibilities for short-term cash availability, they are saying. But it ultimately will take sales growth to repay their obligations. Perhaps the shareholder call will indicate some progress on this issue.

Always be on guard for misleading, deceptive or erroneous messages. I am not an investment professional. My messages are my opinion only, and are subject to change when contrary information is later relied upon. Always do your own research.