Your interpretation will depend on whether you thrive on hopium or are a “downrampers”/realist. Hopium people will swear there is some incredible takeover afoot on the quiet by a major financial institution with deep pockets and no idea how to read a cash flow statement. ”Downrampers” will note cash burn is still negative $2.5m per quarter with only $8-9 million left in the bank and see it as an undifferentiated plea for capital.
NOV Price at posting:
5.7¢ Sentiment: None Disclosure: Held
