CPH 0.00% 0.9¢ creso pharma limited

Ann: Mernova Secures over A$800,000 in New Purchase Orders, page-37

  1. 5,366 Posts.
    lightbulb Created with Sketch. 2095
    There's nothing at all hypothetical about the cash burn. It's right there in the company's financial reports for you or anyone else to read. Tens of millions of dollars get burned by this company, with the most significant expense literally being the people on the company payroll paying your money to themselves... while you defend them...LOL

    Unless you think they're suddenly going to stop paying themselves millions upon millions upon millions of dollars of your money (hint, they consistently give themselves payrises and increased perks rather than suddenly working for free) as well as suddenly cutting out other business expenses, this cash burn will continue.

    If they literally had another 100 deals like this one they would still be running at a huge loss. Literally. That's not hypothetical, that's very basic economics and can be confirmed by the company's own data. That sale isn't pure profit, but, even if it was, it would barely make an appreciable difference to the company's bottom line.

    You can see the company's cash burn in every quarterly statement. The next one is coming in about three weeks. No one with any sense would expect any significant surprises to the rate of cash burn.
 
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