Has very good business model where it has succumbed to short term liquidity and funding issues over next 4-6 months. Won't get much income coming in during that time until restrictions are lifted.
Need to raise a bit of money though and not sure the appetite is all there at the moment.
Working capital + interest fees + capex + opex for six month liquidity would be something like $300M - $500M for 12 months with no revenue coming in. Unless they completely slash operating expenses, capital expenditure pay down debt and work on shoe string budget then could be $250-350M over 12 months so around 100M share issue give or take. Will be a big one.
WEB Price at posting:
$3.76 Sentiment: None Disclosure: Not Held
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