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BigfootOR

07/18/19 10:31 PM

#236877 RE: JTORENCE #236857

I emailed him about that, he replied to call him. I tried about 10 times today, I will try again in the morning.
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pgsd

07/19/19 12:55 AM

#236892 RE: JTORENCE #236857

I only ask questions I know I have a chance of getting a reply to so... not that many questions lol
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kabunushi

07/19/19 1:34 AM

#236896 RE: JTORENCE #236857

Some of the most basic DD you can do is review the quarterly statements and check for yourself what the cash burn is and how much cash they have. The $8M cash burn for Q1 and the cash balance after the property sale, mortgage payoff etc, showed that they didn't have enough cash to last until year end, no matter what anybody might have optimistically stated. There is no substitute for actually reading the 10-Qs, anybody with a serious investment needs to at least do check the statements of cash flows and P/L and balance sheet for yourself.