@Dwhale correctly stated. look at this ridiculously overvalued acquisition
Net assets of acquisition $10M
LVT went and agreed to pay $38M
now $27M is sitting in balance sheet waiting to chew up on whatever revenue comes in. The rest of the capital requirement needed for expenses such as paying high wages etc etc will of course come from capital raising ....
why would anyone buy this company????
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@Dwhale correctly stated. look at this ridiculously overvalued...
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