VML 33.3% 0.2¢ vital metals limited

Can someone explain how this happens? Their operating income LTM...

  1. 423 Posts.
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    Can someone explain how this happens? Their operating income LTM is -10.5M, their net interest expense is 500K, so a total loss for LTM of $11M.
    Now they have 3.3 M from this sale and 4.2 M Cash in bank.

    Do they keep issuing equity? Who will underwrite this? No one is going to give them any more debt options.

    Looking for a path forward. What is it?
 
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