Share
clock Created with Sketch. 01/09/20
11:51
Share
Originally posted by SirKnight:
↑
Huffy, fluffy, huffster.Yea I agree. So they definitely did not have to raise $10m to fund $750k in orders. The raise still seems just as misleading as before. But maybe we will find out more. You don't think some of it might be going here......? Ramping up supply chain and manufacturing capabilities, including opening of a new manufacturing facility in The reality is that at 14.5c this company is around 55m on a near fully diluted basis. That means DRO needs to return 55m to shareholders at some point. Right now it is a cash pit and needs to figure out how to break even before it just keeps diluting over and over again. Based on my soft maths that would be around 15-20m in annual sales depending on product and channel. That means an announcement like this every 3 weeks. What the??? What does this even mean? I wouldn't call this 'soft math' - this is classic 'GIGO stock analysis' . (Garbage in, garbage out). Remember when DRO said they would not announce sales under 500k? This is just 2 sales under 500k grouped together. They look desperate. Really - this is an argument? I agree that someone looks desperate - not necessarily the company though.Some small timers might be impressed but the big players are not and have left the arena. I think smart money has spoken and will sell this news. Huff and puff - I can only assume that you are on a mission to save HotCopper readers the pain of your experience with this company. I thank you for this, but perhaps it is time to stop reading each announcement with the bitter fury of a woman scorned - and start reading the announcements.
Expand
OMG SK - 'We have had two months of absolute rippers '. 3 orders for TRIAL products and you call them rippers?
(20min delay)