Hi Dorianx, according to the last report from the company, the cash burn is around $5 million per month, far down from what they had previously expected. They've got plenty of cash (~$250 million now) to last for way longer than a year unless they deplete it with acquisitions or increase their costs, which doesn't seem likely at the moment.
Just curious. Sorry to hear about you getting burned when WEB's price collapsed – I assume you mean March 2020? Didn't those shares you were holding allow you to buy into the CR at $1.70? I took a huge paper loss myself, but with the CR shares I bought, my average was greatly reduced and I'm not far from breaking even now. Thought the same would apply to you?
WEB Price at posting:
$5.16 Sentiment: Hold Disclosure: Held
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