I hate to state the obvious but blind freddy could see a storm on the horizon... From the latest quarterly.. They started with 25 million in Q1 > 16 million in Q2 > 10 million in mid Q3... Extrapolate that cash burn rate and you should be able to see where the problem lies... They are burning approx 9 million a quarter, companies require a minimum 6 months operating costs or bankruptcy is on the horizon. As they say 'cash is king' - you can project all the forecasts and profit guidance you want but the cold hard reality is they have run out of cash to operate.
- Forums
- ASX - By Stock
- MBN
- MBN Maybe not all over after all
MBN Maybe not all over after all, page-6
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)