I wouldn't have thought that it would fall this far but I wouldn't put a figure on what I think its worth either.
The platform might be market fit but in this space you can be the bee's knees one week and outdated the next. They are losing cash at ~$1.2m/qtr and cash receipts/trend would suggest that at current expansion they are a long way from break even. With the current cash at bank they have about 6 months before they will need another CR. GL to the buyers, I'll be on the side lines throwing my two cents in
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I wouldn't have thought that it would fall this far but I...
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