GSW enthusiasts 1 year reunion, page-17

You do realize their quarterly cash income has gone from $270k to $170k, right? A drop of $100k in a quarter.

And to generate that kind of income, they are spending $6M per quarter (yes, that is $6M per quarter). That means the income generated represent less than 5% of the total expenditure per quarter.

That does not include the recent $5M purchase.

On top of that, you should consider the reputational damage to this company: if you are a potential customer, would you sign on, knowing this company has legal compliance issues with their regulatory authority and could go broke as a result or go with another supplier?

Of course, you would take the safe bet and go with another.

AIMHO