Replies to post #24083 on Unique Logistics International Inc (UNQL)

[SooS416]

That is not how book value is calculated, book value is stockholders over weighted average shares outstanding.

The companies biggest issue is cash, the are highly cash dependent and are not turning over enough cash from operations to sustain itself. Burning through $40M-$50M in cash per quarter is not sustainable even with a line of credit.

While the company could fetch a higher value, they are highly leveraged and burning through too much cash

[MFH55]

Ray will never raise O/S and loose control of the company. Pure basher BS. And i thank them for the .02s…