The company was broke without getting the loan and I don’t believe expected outflows for a second over this current Q.
I expected approx $50m and they got $20m.
#fundingnotsecured
I think we can safely call the last quarter a major failure.
Spend was DOUBLE expected spend.
10%, 20% maybe at a huge stretch even 50% but double is just madness.
Does anyone have the balls to say that they could have been this far out with estimates?
I have never seen a company so far out on costs.
Nothing surprises me with this company anymore.
What’s that saying about a leopard?
Guidance
Actual
Ann: Quarterly Cashflow Report, page-2
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