I think its a case of get out while you still can.
By their own predictions they will have 500k of cash left by the end of the quarter. Now we know CODB is about 1m per quarter and the last prediction was 100k high margin income. Do the math. About 4-5 months and we are 2 months into that already.
Unless something amazing happens I mean whats the plan. Retail UGG boots? They don't really have an idea to sell and they've done it so many times no one would believe them anyway. If CR was going to happen then it better be like yesterday.
Is Ian seeing the light and saying hey I don't want to be onboard a company that goes under. Possible.
I've held stock that went under. This company has few tangibles it will take years just to take the tax loss.
Strong sell from me.
Good luck.
SMA Price at posting:
1.2¢ Sentiment: Sell Disclosure: Not Held
