I suspect having a better understanding of what's in front of...

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brydos

493 Posts.

127

01/02/23

13:13

Post #: 66004782
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Originally posted by trkrkd: ↑

Revenues about what I expected (i.e. sweet f all). But it looks like they've stalled on cost-cutting. I'm just amazed anyone is still loaning this company cash. It's well past the point where creditors can expect to get their cash back easily in liquidation. I'm expecting them to announce a german CR in the very near future. At this point it's their one and only hail mary shot.

(Relatedly, I hope andy wartlock knows what he's doing with those $40k loans. His profile doesn't make him look like a particularly rich dude and if (i.e. when) this company goes bust it'll probably be a long time before creditors get anything back, if they get anything back at all.)

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I suspect having a better understanding of what's in front of the business in terms of potential sales etc. may make some of these decisions easier. Swisswell could have a potential deal on the table if they can meet a certain cost structure, volume or something like that. The big (relatively) boost 40,000 unit collaboration could also be meaningful... albeit essential details are lacking, and perhaps there are similar things in the works as they do refer to plural projects, but like always, shareholders need to guess.

But yes, a very large risk associated with any lending... which is why I'm so impressed it's happening at all.

Bring on the Europeans!

WFL Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
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