Don't get me wrong - I don't mind a single cash burn if it's to stock up on raw materials. But if this action hasn't yielded positive cash generation, after almost an entire year, then I see this as a bad move in retrospect.
We know it can't be good because, if repeated enough times, the business would be bankrupt. This quarter marks another repeat of cash burn for forward purchasing of raw materials. I can only hope that, this time, despite the odds of increased ingredient costs, positive cash flow is achieved.
Omniblend was meant to be a profitable business in 2019. What is happening
I really do hope I'm wrong and we shoot up.
KTD Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
