clearly we know the only ones making money on this scam..hahaha... another 6 months and another massively dilutive stock raise coming .. enjoy morons.
Sentiment: Strong Sell
dcth is a complete failed science experiment.. Old fogy execs and "corporate directors" take in millions in salaries and expenses in order to approve a 50k revenue /yr drug .. price will simply adjust lower as more cash is burnt away.. and with $5 mill/qtr burnoff, they'll be essentially bankrupt by late summer.. No one with a brain is fooled... their current trials are HAPLESS... even if they get an approval in 3 years, the drug would be lucky to do 50k /yr in sales... like I said laughable. It's no surprise dcth is DOWN 90% in 2 years.. DCTH is nothing more than a retirement sled for old washed up dirtbags.
cere management is burning off cash at very rapid rate. The cash is the only asset worth anything on the balance sheet. The more cash that disappears, the lower the price will go
$16 mill cash will be burnt off by then.. meaning only $5 mill cash left at 9/30.. and if you subtract the $6 million payables, this there is negative book value
getting a hit game or another zumba is like finding a needle in a haystack. This company is GAME OVER. as are most video game companies.. The whole market is massively over-saturated with boring limpdeek games... no one will pay for oldhat games...
Sentiment: Strong Sell
anyone buying COOL today is a total FOOL. The Preferred stock now means that any asset sales will go right into the preferred's pockets. Execs are the only happy ones here... they get to extend their salary runway...
Preferred stock will be secured by all assets of the company. hahahah... $6 mill in preferred DEBT along with the $8 million payables... this company is so bankrupt, it's hilarious
many other retail type companies have gone bankrupt recently... just look at ALCSQ, DLIA (trading under 1 penny), WTSL 5 pennies, CACH at pennies. COOL is no different from these companies, they retail junk too... COOL could quickly be under 10 cents... sales are dropping to laughable levels... the computer gaming sector is wildly competitive and most go bk..... having a hit game is like hitting the powerball lottery.
their main motivation is to burn off the cash into their pockets via large salaries. and exec salaries here are wildly high. The next quarterly report is gonna be a giant smelly one. Large investment writeoffs, devaluations and 1-2 mill operating cash p----issoff. True book value (or liquidation value) of COOL right now I would estimate at maybe 40 cents... and this will value will probably drop 5 cents per share or more every month thereafter. I can see management having one wild holiday party and bonuses for execs and their buttsniffer underling employees.
I think that's the reason management and execs are so silent. I believe LINE wildly overspent on infrastructure over the past 4 years and now that infrastructure is worth much much less with $50 oil.. With $14 billion debt, this could be game over shortly.
cosi is an EPIC FAIL... should simply go bankrupt. And the corruption must be EPIC, imo. I can't even imagine how many employees sit around and do nothing all day while collecting $80,000+ salary per yr.
So now the almighty RJ says "cosi has been wrong all these years"... only took the clown 9 months to figure this out. Then it'll take him minimum 2 years for his "experiments"... he'll tinker around spending wild amounts for "store improvements". My guess is RJ will personally choose the contractors to do work on cosi stores. He will dole out very generous bids to these friends of his. None of that baloney will surprise me.
That $20 mill rights cash will disappear quicker than anyone can blink... $10 mill + instantly to his debts, another $10 mill gone in wildly overpriced store improvements.
large cash losses for the foreseeable future... Watch as large payments go out the doors to contractors to "re-build" the stores... What will RJ's kickbacks from the contractors be?
all while the price dropped $6 !! imbeciles... ahahah
I would be amazed if they get that $20 mill rights cash... even if they do, it will likely disappear rapidly.. $10 mill will probably go to bail out RJ's debts.. another $10 mill will go to "shady contractors" to "improve" the existing stores..hahahaha... by next year this time they'll be asking bagholders to bend over yet again! hahah