Other than management, no one knows for sure how much cash they have on hand since they haven't filed their financials since the end of the third quarter 2019! That's why Nasdaq delisted them.
Their last 8k filing from a few weeks ago showed an unexpected write-down of +$10 mm, so we know they won't be getting paid the $5 million that their the Nicaraguan partner owes them.
YGYI's last filing showed $7.2 million of cash on September 30, 2019.During the first nine months of the year, the company's cash flow statement showed it burned $7.7 mm of cash, or $2.5 mm per quarter. We're now 4 quarters removed from their last filing. If you give the company the benefit of the doubt and assume they burned an average of $1.5 mm per quarter, not $2.5 mm as they had been doing, that's about $6 million, leaving $1.2 million cash on the balance sheet at September 2020. $1.2 million isn't going to retire a $5 million obligation.
Why do you think they have the cash to make the $5 million payment?
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