Yeah that's one thing that scares me a bit. Cash is 25 mil. If that AP 10 mil is paid, this thing can tipped over if second half is red. Just hope the negotiation and virus will end soon.
I guess market just doesn't like so much uncertainty and the shitty first half proves that the new CEO is overrated and can't care less now. Jacking up price during stiff competition is the easiest and laziest strategy but not the right strategy to pursue. It is not coincidence that result falls off the cliff right after he resigned.
Hopefully, the new board will announce a new CEO soon or negotiation outcome. Otherwise, if this virus things go on for another five month and there is no resolution of legal, we might be starring into the abyss even with 3 mil net debt.
Cant believe how they can screw up and had a row of bad hands when they were in such a strong position.
DYOR. There is measurable risk of this thing going to zero here.
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