GSW 0.00% 29.0¢ getswift limited

I doubt that any rational PE firm would look at this...

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  1. 152 Posts.
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    I doubt that any rational PE firm would look at this presently.

    Yes, GSW has cash. Factoring in 88M less burn for Q1 (circa 7M), less acquisition (circa 5.5M) less the liabilities stated for the acquisition (not disclosed - could be a lot, could be little). GSW's cash & other financial assets could be below 75M by this stage. Add in CA Law suit that may settle between $0 and $75M, plus ASIC charges.

    Besides cash, GSW most likely does not have many notable enterprise customers (if any). Given the turmoil, it will become increasingly harder for GSW to land a big fish. Plus, its technology is questionable. Why else would enterprise customers either reject GSW in favour of competitors, or not progress to paying customers?

    But yes Burnett, I too appreciate the Freddie picture. Although I do wish the film stayed more true to the actual story not just the Hollywood version.


 
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