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peterpanwasjusthere

06/14/21 10:57 PM

#18842 RE: TripTrap #18841

Not sure how you can predict tomorrow's trading or a gap at the open, but the report is solid based on my read though I'd urge caution regarding their cash balance given all of the convertible (and other) debt the Company has recently issued. I can live with the $2.50 per share conversion trigger associated with much of it, but cash will be an issue going forward and I do not want to see SIRC flooding the market with more shares sub $2 to prep for the maturity cliffs of these debts. There is a tremendous amount sitting on the Come Bet line for SIRC. Management appears very bullish on their prospects and are willing to roll the dice on future performance post aggregating all of these acquisitions, but the integration risks and challenges in making this one cohesive business remain significant.

The uplist is a secondary concern for me...the OTCQB will place increased filing and compliance requirements once effective (far before any NASDAQ uplist would) and I don't believe Dave & Team would be that interested in spending too much more time without their new CFO onboard. This needs to get solved yesterday. Hopefully Massey has properly searched for this new executive member and we get news shortly. This is critical, in my view, to the Company's near and mid term success.
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ErnieDog

06/14/21 10:57 PM

#18843 RE: TripTrap #18841

Hey Trip... trying to understand the report. So what was total for the year 2021? 21MM?