I don't think they are out of cash... but you don't want to be putting your hands out when the lights are about to go off. Getting out of mess also implied it was WEB's doing to be where they are right now... not the whole industry/market/world.
Given the unknown lead time to returning to normal trade conditions - I think it is very prudent for them to be sufficiently cashed up - I wonder if the board and CEO will take any additional wage reductions from the current 20% as a result of extended uncertainty. May also present them with some opportunities once a turnaround occurs to be cashed up and ready to make use of any surplus cash to acquire suitable bolt on (non-brick and mortar) businesses... or use the time to peruse additional applications for their reschain tech.
WEB Price at posting:
$3.76 Sentiment: Buy Disclosure: Held
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