Celsius Holdings Inc (CELH)

[Toxic Avenger]

Actually, several of us, myself included, pointed out it was way ahead of itself, long before it got anywhere near the $14.

Obviously, we were right.

I believe it's still way ahead of itself, with CDS holding debt which pretty much gives them the company in a BK filing. And since the company's only source of additional capital is CDS, and its ongoing losses, that could be a problem.

While 1X revenue is better than 45X revenue, I'd also point out that at the 45X revenue time the company had just moved to the Nasdaq and done a very successful secondary offering, CDS did not have a claim on the entire company's assets and they were not majority owner.

Since then the balance sheet has only gotten weaker, much weaker actually, losses have continued to mount, and CDS has replaced virtually the entire founding management team.

As I have opined several times, I expect now they will take control if they think they can make the company profitable, or salable for a decent price, and let it wither and die if not.