InvestorsHub Logo

IslandOfMisfitToys

09/01/22 11:18 AM

#387945 RE: lizzy241 #387943

If you don't have enough cash on hand to clearly cover 12 months of expenses, you have to make a going concern disclosure.

At the current pace, unless management does a WAY better job of managing burn, cash will be down to around $200 million by year's end. That is borderline enough for 12 months, if expenses stay high and the US keeps eroding.