They need more than just a Chief Revenue Officer. It's a start but the company still has a lot of issues
Some people said this was a great buying opportunity when it was at $50
No matter what side of the trade you are on, Can you please try to have an adult converastion and stop with the juvenile #$%$ .
Put it this way crazyworld4u, if they did announce an equity raise and it was lower then the current stock price I would jump in for a trade, but a trade only at this point.
Their net cash is at $38m and their cash burn is $10m a quarter. They are cash flow negative, unprofitable and have a whopping $114m in goodwill. The stock has been a complete disaster and the street is slowly giving up on them. You can spin it all you want but you can ting ore the facts
Yes I believe that they will need to do an equity raise. Enough cash to get them through another year. At least $40mil
clone14u • Feb 6, 2014 2:09 PM Flag
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"clone said SHORT CVS @71.57 on January 2,2014- bashersuit "bonked out"-clone wins
check mate weeney"
What said was if they have to sell assets it would most likely be a fire sale because company is in a position of weakness. I really don't see them selling assets anytime soon. What I believe is that they will need to do an equity raise which will dilute the shares.
Assets are NOT cash. The company is in a position of weakness at the negotiating table and will have to do a fire sale . The company only has $38m net cash and is burning $10M a quarter. It also has $114m goodwill. The totals are not good
If the stock eventually goes back up, I think they may do an equity raise which will give them more cash, but also add dilution