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jace.h

823 Posts.

138

12/10/20

17:59

Post #: 48034846
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Originally posted by jace.h: ↑

Market cap from yesterday according to HC is $34m. They only had positive $45m in operating cash flows for the quarter and $54m of "free" cash left. It is not like they're swimming in cash, when compared to the BNPL stonks after their capital raises. So nothing to really get excited about. I sure ain't buying today.

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Originally posted by jace.h: ↑

If you're a shareholder, the letter should've arrived by now.

I thought the overall plan was a good one. My feel is they will be back, so I doubt this is over.

The current directors have rejected the meeting, but they would be wise to consider the ideas to deliver shareholder return even before another meeting is demanded.

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Who would've thought they had free cash and would respond to threats by shareholders?

TGA Price at posting: 21.0¢ Sentiment: None Disclosure: Held
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