Replies to post #87 on Eargo Inc (EAR)

[Dragon Lady]

EAR: SECURES_$125_MIL_IN_NEW_FINANCING = INTERESTING !!

I need to read the terms of the deal - but they just needed a life-line until they regain their big insurance backed business (which they 100% will do !!) and get their revenues pumping again.

Finally caught up on all financials as of today. Horrible financials but they'll stay on NASDAQ for the time being. Losing money like crazy and blowing though cash.

They'll have to do some major dilution in the rest of 2022, get new loans or sink.

This can drop below a $buck no worries as the NASDAQ grace period with extensions buys a company AT LEAST A YR before ever being de-listed -

Thus, this might be a fantastic flip play once it bottoms and they file a Qtr or two of financials showing they've turning the corner - like a 5 bagger maybe once it turns and moves back north on good financials !

IF IT WAS ME - they need to FIRE THE CEO and put a big name new dude in who's a TURN-AROUND PRO and trusted "by the street" and this stock will make nothing but money from the bottom up - VERY interesting and "in play" once the bottom is in.

This RECESSION we're now in - it's going to hammer ALL markets a hell of a lot lower than they are now, so that must also be allowed to play-out for the next approx 6 to 9 months and let the markets put-in a bottom also as THE FEDS are brutally going to raise interest rates to stave-off this nation killing inflation.

EAR = ON THE WATCH LIST as it's got a lot of potential now with the $125 mil large and NASDAQ LISTING protected for at least 1 yr minimum absolutely ZERO chance of any de-listing until a yr passes and THAT only if they break below a $buck and that ain't even happened yet = good watcher here :)