Understandable.
Quite honestly not as concerned about that. Money is available via numerous options and CEO Belizaire has said as much in recent interviews and podcasts.
They've already PR'd the LOI to sell the instruments business. That of course isn't a quick proposition. I believe this is expected to yield in the area of $20 million. LOI was announced mid December subject to due dilly etc ..... I'd anticipate that should be coming to a resolution soon.
IMO, SLNH "paid more" for financing because the amounts were small. Preferred got dumped and tiny raise at roughly 75% to PAR on those. The financing at 12-14% with NYDIG was high ... again .... borrowed small amounts for equipment to be delivered Feb-June 2022. So this equipment should be getting installed and working quickly and ROI is roughly 9 months.
The daily cash revenue generation has been increasing as well. So that increases cash that could be used to offset some of the expected financing. It's a dance for sure.
Ultimately, IMO, this mgmt has earned some latitude. They've executed near perfectly thus far. Better than I would have expected honestly. But nothing goes exactly as planned ..... so I'm in the camp of giving them room to manuever as needed.
And of course if the stock provides for opportunities to swing trade a little bit .... I'm not going to think twice about taking advantage of it. It also helps to recoup capital invested over time as well.
Lastly ... trying to keep eye on the prize ... 2023 and beyond, 4EH and working toward even bigger market verticals in batch computing.
Amigo Mike
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