Replies to post #14924 on DigitalTown, Inc. (DGTW)

[Willymon]

DGTW - Disagree.

Pomije, the former CEO, thought that frivolously spending money on acquisitions somehow correlated with success.


It's very easy to spend money, and an acquisition does feel like you're getting work done.


But, if the money stream is only going one way, then you're just burning money and will eventually run out, get fired, and file Chapter 11.


Money coming in the door, actual revenue, is the direction here with new management.


Otherwise, the Judge wouldn't be setting her calendar to sign the Plan of Reorganization on 12/2/2021.