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1.1¢ latam autos limited

Hang in their they have cash for 1 full year maybe 1.5 years...

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Nightmarez3k

6,104 Posts.

233

22/04/16

18:04

Post #: 17582485
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Originally posted by axcellence ↑

I see it as really bad. Just another tech company losing money. Pox on my speculative skills on buying this company's shares.

They are basically losing $4m per quarter (operating & investing cashflows). With a cash balance of 16 million, basically they've got 12 months cash only. I am expecting a debt / capital raising coming up.

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Hang in their they have cash for 1 full year maybe 1.5 years depending on revenue acceleration. They may reach breakeven or profit.

This could be really big hang in there.

I think AGM coming will inspire investor comfidence.

LAA Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
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