The "root causes" of the problem is too much debt and too little cash on hand. But yes in the next few months the situation will be exacerbated by the timing issues.
These timing issues are what will trigger the fiscal event!(men in suits etc.) I'm sorry mate but it is very serious and running out of cash because of timing issues is what usually triggers the failure of most businesses when the preconditions of the "root causes" are in place.
At this point only the financial performance and cash flow in based on sales can save matters imo. If trigger occurs and I believe it certainly will after LYC's last update most companies only survive with outside intervention, restructuring and/or the injection of more cash from somewhere!
Frankly most LYC holders have been given heaps of warning of the probability by LYC's management, the Audited financial reports, and the market SP movement for LYC shares. So if or when the trigger does get pulled they surely cant be surprised?
LYC Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
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