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greasemonkeyshoes

10/13/18 12:47 PM

#76231 RE: mikeonmicrocaps #76230

Or thinking another way.............
The company is in transition again,likely leaving its legacy business completely due to market force beyond its control,with a shorthand balance sheet of
1 $2.7 million cash
2 $2.0 million
3 -$1.7 million liability
or
net $3.0 million cash/ar.
plus
a cash burn rate of less than $0.5 million per q.

To the new reality:
CAPC is a de facto development company,with much more challenges ahead.Nothing more,nothing less,high risk and low odds(success).Or a dog with growing flee going forward.