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21:29
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Originally posted by asb83
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It may be currently below cash value, however, it won't be for long. They forecast a whopping $4.5m cash burn in the current quarter. Assuming they make <$1m cash, that's $3.5m+ cash outflow, so cash assets at the end of the current quarter is ~$30m. Say they still burn $4.5m in the next quarter and only make <$1m cash. Then the current share price is above cash value. The market values a company based on its anticipated future outlook, not the current/past.
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Assumed that iceberg was to close it on support 17.5c
