WQLF SAYS: Our story along with Tommy is the same. We bought high and cost averaged down. After my next buy if price stays the same will be identical with yours with the exception of you having a little over 100,000 shares from my treasure chest YQU Do Understand YQU understand.
Blue Duke of Earl
Here is what the additional $1.200,000 shark loan is for. It will keep the company in business for another 4 to 5 Quarters. Here is a breakdown of the cash burn in the past. In most cases it should be lower since the company has paid all of their past shark loans and acquisition costs. Cash at end of each Quarter and the Cash Burn per Quarter.
The Cash Burn for 2024 is around
$1,576,000. With the Quarter ending December 31,2024 of $752,00 plus the $1,190,000 from the shark loan comes to $1,,942,000. The difference will leave the company with $368,000 by the end of the first Quarter of 2026 (March 31,2026) . Starting in June the first payment on the shark loan will be made. There will be 10 payments made through March of 2026. The company needs to cut costs and raise revenue in the mean time. Hopefully our acquisitions can bring in the profits neede to continue without having to rely on another loan shark deal in 2026. By that time maybe the legislation in Congress will allow us to get a lower interest rate loans.
The bottom line is the loan is being utilized to keep the company in business.
10 payments at $106,667 comes to $1,066,670 which leaves us short of the $1,600,000 we owe by $533,330. This is where the cost cutting comes into play. With no lease payments for 10 months will help with that deficit.
December 31,2024 $752,000
$128,000 to $326,000 estimate
September 30, 2024 $979,000
$502,000
June 30, 2024 $477,000
$189,000
March 31, 2024 $662,000
$655,000
December 31,2023 $1,317,000
$326,000
September 30, 2023 $1,643,000
$41,000
June 30, 2023 $1,643,000
$534,000
March 31, 2023 $714,000
$103,009
December 31, 2022 $611,000
$528,000
September 30, 2022 $1,139,000
$25,000
June 30, 2022 $1,114,000
$1,325,000
March 31, 2022 $2,439,000
$1,067,999
December 31, 2021 $1,375,000
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