EXACTLY right, Truth. That cash on the books was injected my Baretto & Fernandez; certainly NOT generated selling products, as some would want to make it appear.
Some need to remove the blinders at face reality. Fact of the matter is there has been a lot more selling than buying since that merger PR was released. As you say, "Sad but true" Perhaps some just cant see the writing on the wall.
Good luck. Cant say I didnt tell ya'll how this was going to pan out.
The fact is they have 20 million in available cash along with 60 million in Revs. The fact that major shareholders have injected that much cash into the business speaks volumes as to the major shareholders' belief in the future of the merged companies. Impressive may come when the merger closes.
Who cares where the cash came from. What matters is that they finally use it. All that cash injected and no major news since Fernandez took over. All it’s been doing is collecting interest.
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