Thanks, I'm sure it will be interesting how it comes together and there is much to consider.
Here is looking at GXY.
I dunno.... their statements does not look good either....
This is not a profitable operation either in 2019 or 2020 just on gross profit alone.... not sure what is in the pipeline to change that.
But as things stand for a commercially operational business, from what I see, not good... see below.
That does not look like profit to me.
So yes.
They do have $210M in cash but that did not come from profitable operations.
That came from the selling of assets and capital raising ..... because they had to.
Just looking at the items listed above, that is $300M which would have left them without any casflow to operate if the did not sell/raise.
Now I'm not sure if they made any profit on those assets or if that too was sold at a loss.
And yet.
Another loss making business with $1.9b market cap.
Does anyone know how they intend to become profitable or indeed what I'm missing here?
